Pakistan International Arlines (PIA) : News / Updates

I think Air Blue had offered around half or even less then the 'Reference' price. Losers!
LOL!
 
Who’s gonna tell him:

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Fauji Foundation dropping out at the last moment is a little suspicious. I won't celebrate until I know how that pans out.

Airblue is such a loser, they were thinking of buying it at throwaway price and then would have dismantled the airline entirely. As if Shahid Khaqan running PIA during the past decades wasn't already bad enough
 
SkunkWorks said:
Fauji Foundation dropping out at the last moment is a little suspicious. I won't celebrate until I know how that pans out.
Click to expand...
Per Kamran Khan they have a back door entry into which ever consortium wins.😂

Koi jeetay koi jatay. Yeh hamesha winner hi hongay.
 
mythbuster said:
Arif habib group doesn't have enough cash reserves to inject into pia ..it will need FFC who's flush with cash.
Click to expand...
Yes. That was the secret weapon seemingly. Otherwise on paper this consortium had no comparison to the lucky consortium.

I mean Lucky group, Hub group, Kohat Cement, metro Group >>> Arif Habib, AKD, City School and lake city.
 
mythbuster said:
Arif habib group doesn't have enough cash reserves to inject into pia ..it will need FFC who's flush with cash.
Click to expand...

Bilal said:
Yes. That was the secret weapon seemingly. Otherwise on paper this consortium had no comparison to the lucky consortium.

I mean Lucky group, Hub group, Kohat Cement, metro Group >>> Arif Habib, AKD, City School and lake city.
Click to expand...
So in short, they won this too.
Will win everything except wars
 
Background info from yesterday about today's sale.

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Arif Habib consortium wins PIA privatisation bid at Rs135b​


The live auction in Islamabad saw Lucky Cement Consortium emerge as the second-highest bidder with an offer of Rs134b

Shahbaz Rana/Irshad Ansari
December 23, 2025

bidders submit sealed bids tuesday morning

Bidders submit sealed bids Tuesday morning.


Arif Habib Consortium has acquired Pakistan International Airlines (PIA) for Rs135 billion in the second and final round of the auction for the privatisation of the national carrier, while the Lucky Cement Consortium emerged as the second-highest bidder with an offer of Rs134 billion.

Following the conclusion of the first round, in which two bidders, Arif Habib Consortium and Lucky Cement, offered above the government’s reference price of Rs100 billion.

The government’s approved reference price for the 75% stake is Rs100 billion, and the first round of bidding saw competitive offers from pre-qualified bidders.

Lucky Cement had submitted a bid of over Rs101.5 billion and had signed the record sheet. Airblue had followed, with its representative announcing a bid of Rs26.5 billion aloud. All bids were recorded and signed on the official sheets, with Arif Habib having emerged as the highest bidder among the three.
 

Arif Habib consortium wins PIA privatisation bid at Rs135b​

The live auction in Islamabad saw Lucky Cement Consortium emerge as the second-highest bidder with an offer of Rs134b

Shahbaz Rana/Irshad Ansari
December 23, 2025

bidders submit sealed bids tuesday morning


Bidders submit sealed bids Tuesday morning.

Arif Habib Consortium has acquired Pakistan International Airlines (PIA) for Rs135 billion in the second and final round of the auction for the privatisation of the national carrier, while the Lucky Cement Consortium emerged as the second-highest bidder with an offer of Rs134 billion.

Following the conclusion of the first round, in which two bidders, Arif Habib Consortium and Lucky Cement, offered above the government’s reference price of Rs100 billion.

The government’s approved reference price for the 75% stake is Rs100 billion, and the first round of bidding saw competitive offers from pre-qualified bidders.

Lucky Cement had submitted a bid of over Rs101.5 billion and had signed the record sheet. Airblue had followed, with its representative announcing a bid of Rs26.5 billion aloud. All bids were recorded and signed on the official sheets, with Arif Habib having emerged as the highest bidder among the three.
 
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