Arif Habib Wins PIA Auction with Rs135bn Bid

Arif Habib consortium wins PIA auction ceremony Islamabad

Pakistan has witnessed a historic economic milestone.
The Arif Habib PIA auction concluded successfully in Islamabad.
The consortium secured Pakistan International Airlines with a bid of Rs135 billion.

This marks Pakistan’s first major privatisation in nearly two decades.
The bidding process was transparent and broadcast live nationwide.

PIA Auction Process Explained

The privatisation ceremony took place in the federal capital.
Three bidders submitted sealed offers initially.

Lucky Cement, Airblue, and the Arif Habib consortium participated.
Airblue exited early due to a lower bid than the reference price.

In the first round, Arif Habib offered Rs115 billion.
Lucky Cement followed closely with Rs101.5 billion.

After consultations, the open bidding round began.
The base price was set at Rs115 billion.

Arif Habib PIA Auction Final Round

Both top bidders competed aggressively.
Lucky Cement raised the bid to Rs134 billion.

Arif Habib responded with Rs135 billion.
This final offer secured the deal.

The Arif Habib PIA auction result was announced immediately.
Lucky Cement congratulated the winning consortium.

Investment Plans After PIA Privatisation

Arif Habib termed PIA a national asset.
He praised the airline’s skilled workforce.

The consortium plans major capital investment.
The fleet will expand to 38 aircraft initially.

Future expansion may reach 65 planes.
Employment opportunities are expected to increase.

Confidence-building among PIA staff remains a priority.
Management aims to restore the airline’s past reputation.

Economic Experts React to PIA Sale

Economist Khaqan Najeeb welcomed the privatisation.
He called it a necessary economic reform.

According to him, this move reduces taxpayer burden.
Losses of Rs50–100 billion annually may now be avoided.

However, he stressed policy and regulatory improvements.
Operational efficiency remains a critical challenge.

Government Reaction to Historic Deal

Prime Minister Shehbaz Sharif praised the transparent process.
He called it a historic day for Pakistan.

Finance Minister Muhammad Aurangzeb highlighted investor confidence.
All bidders were local business groups.

Interior Minister Mohsin Naqvi also congratulated stakeholders.
The government believes PIA will regain global standing.

The Arif Habib PIA auction reflects growing trust in Pakistan’s economy.

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