Arif Habib consortium to acquire remaining 25% stake in PIA

The Arif Habib Group-led consortium is set to take full control of Pakistan International Airlines by acquiring the remaining 25% government stake, paving the way for a complete privatization of the national carrier.

Having already secured a 75% share in December 2025, the move will allow the consortium to implement comprehensive management reforms, expand the fleet, and enhance customer service without government oversight, marking a major step in PIA’s long-awaited revival.

Shahid Ali Habib, CEO of Arif Habib Ltd, said management changes are expected by late April, enabling PIA to operate fully as a private entity.

The government has granted a 90-day window to acquire the remaining shares, valued at around Rs45 billion, with the deadline at the end of April. The agreement, signed in January, provides a 12-month period for fund transfer.

The consortium includes Fatima Fertiliser (34.1%), Fauji Fertiliser (33.9%), Lake City (16%), and the City School with AKD Group (16%). Backed by Rs125 billion, the new board will implement reforms and raise capital for PIA’s rebranding.

Arif Habib says Fauji Fertilizer largest shareholder in PIA

Prominent businessman Arif Habib has said that Fauji Fertilizer Company (FFC) has emerged as the single largest shareholder in Pakistan International Airlines (PIA) following its privatization, holding a 33.9 per cent stake. Speaking at a ceremony held at the Pakistan Stock Exchange to celebrate PIA’s privatization, Habib said that the Arif Habib Group and Fatima Group jointly hold a 34 per cent share in the national carrier, while FFC owns 33.9 per cent. Habib revealed that Field Marshal Asim Munir had invited business leaders to participate in the privatization process. “He (COAS) said that we want a Pakistani group to […]

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