PIA Privatization Nears Final Stage as Four Investors Compete for Control

The PIA privatization process reaches its final stage next month. Officials confirm that four major investors now compete for a stake in Pakistan International Airlines (PIA). The government continues to push the deal forward to revive the national carrier.
Arif Habib Limited, Fauji Fertilizer Company, Airblue, and Lucky Group lead the race. These companies plan to modernize PIA and boost its efficiency. However, they urge the government to relax some terms of the privatization deal to make the process smoother.

Government Ensures Local Ownership

The government guarantees that PIA’s majority ownership will stay with Pakistani nationals. It blocks foreign individuals and companies from taking control. This move protects national interests and keeps decision-making in local hands.
The Privatization Commission Board approves all four investors for the next round. The Cabinet Committee on Privatization also clears the transaction structure for the Roosevelt Hotel in New York. These steps show the government’s focus on transparency and economic reform.

PIA Brand Remains the Same

PIA keeps its name and flag on every aircraft. The airline continues to represent Pakistan around the world. Officials believe this approach preserves public trust and the airline’s legacy.
Adviser to the Prime Minister on Privatization, Muhammad Ali, confirms steady progress in key privatization deals. The ministry aims to attract new investments, improve efficiency, and restore PIA’s position as a leading national airline.