Pakistani Consortium Acquires Major Stake in PIA in Privatization Deal
TL;DR Summary
Pakistan successfully sold a 75% stake in its debt-laden national airline, Pakistan International Airlines, to a consortium led by Arif Habib Limited for $482 million, marking a significant step in the government's privatisation efforts amid economic reforms and debt management.
Topics:world#business#consortium-bid#debt-restructuring#pakistan-economy#pakistan-international-airlines#privatisation
- Pakistan sells indebted state carrier in privatisation win Financial Times
- Arif Habib consortium makes highest bid for Pakistan flag carrier at $482 million Reuters
- Pakistan Receives Three Bids for Sale of State-Owned Airline PIA Bloomberg.com
- Pakistan International Airlines to be acquired by stockbroker for $482m Nikkei Asia
- Pakistani consortium acquires 75% stake in PIA in major privatization move AP News
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