On April 28, 2026, the Arif Habib consortium, which already owns a 75% stake in Pakistan International Airlines, expressed interest in acquiring the remaining 25% stake. This move comes after the consortium's previous acquisition for PKR 135 billion in December 2025. The offer of PKR 45 billion for the remaining shares is seen as a vote of confidence in PIA's restructuring plan. The consortium, comprising five partners from diverse sectors, aims to consolidate decision-making authority to facilitate PIA's turnaround and profitability.
BUSINESSPublished 28 Apr 2026 • Published 1 day ago • Updated 1 day ago
PIA Reduces Flights and Adds Surcharge Due to Rising Jet Fuel
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The Arif Habib-led consortium is moving to acquire the remaining 25% stake in Pakistan International Airlines (PIA) after previously securing 75%. This acquisition, valued at PKR 45 billion, aims to consolidate control and improve PIA's financial health amidst rising operational costs and government support.
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PPprofit.pakistantoday.com.pk
TLtribune.com.pk