The consortium's acquisition process culminated with the submission of a Rs 45 billion bank guarantee, fulfilling the financial requirements set by the Privatization Commission. This move follows their earlier purchase of a 75% stake in PIA for PKR 135 billion in December 2025, bringing the total investment in the airline to PKR 180 billion. The consortium, which includes major players like Fauji Fertilizer and Fatima Group, is expected to take full operational control of PIA in May 2026.
BUSINESSPublished 28 Apr 2026 • Published 2h ago
Fauji Fertilizer Consortium Completes PIA 100% Ownership Acquisition
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On April 28, 2026, the Arif Habib-led consortium completed the acquisition of 100% of Pakistan International Airlines (PIA) by securing the remaining 25% shares, following a previous acquisition of 75% in December 2025. The consortium submitted a bank guarantee of Rs 45 billion as part of the transaction, marking a significant milestone in the privatization of the national carrier.
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