The Privatisation Commission board's recent recommendation for Fauji Fertilizer Company (FFC) to join the consortium led by Arif Habib marks a significant step towards acquiring full ownership of Pakistan International Airlines (PIA). Initially, FFC had withdrawn from the bidding process but rejoined the winning group on December 25, 2025. The consortium's structure includes Fatima Fertilizer (34.1%), FFC (33.9%), Lake City (16%), and The City School with AKD Group (16%). This move aims to enhance PIA's operational efficiency.
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Privatisation Commission Approves FFC in PIA Consortium Bid
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On March 3, 2026, the Privatisation Commission board recommended Fauji Fertilizer Company (FFC) for inclusion in the Arif Habib-led consortium that won a Rs135 billion bid for a 75% stake in Pakistan International Airlines. Approval from the Cabinet Committee on Privatisation is still pending.
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