The most recent development in Pakistan's economic landscape is the successful privatization of Pakistan International Airlines (PIA), a landmark transaction valued at Rs. 135 billion, as reported by ProPakistani on February 12, 2026. This event was marked by a gong ceremony at the Pakistan Stock Exchange (PSX), attended by key figures such as Muhammad Ali, advisor to the prime minister on privatization, and Arif Habib. The privatization represents the first significant divestment of a state-owned enterprise in nearly two decades, drawing bids totaling approximately Rs. 250 billion, or about $900 million. Muhammad Ali emphasized the government's commitment to 'transparent, competitive, and market-driven privatization,' highlighting the transaction's role in reducing fiscal pressure and restoring investor confidence. SECP Commissioner Muhammad Ali Farid Khwaja and PSX CEO Farrukh H. Sabzwari underscored the importance of strengthening capital markets for sustainable economic growth and noted the transition to the T+1 settlement system as part of Pakistan's broader economic transformation.