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Articles for tag: Arif, consortium, deal, Fauji, fertilizer, Habib, joins, PIA, privatization

December 26, 2025

News Desk

Fauji Fertilizer joins Arif Habib Consortium in PIA privatization deal

View of Pakistan International Airlines (PIA) passenger plane. — APP/File The consortium plans to increase operational aircraft from 18 to 62. Rs 125 billion will be invested in the first year to upgrade land businesses. The new owner is expected to take over in April, subject to approvals. Arif Habib Consortium has announced that Fauji Fertilizer Company Limited has joined its consortium which acquired 75% stake in Pakistan International Airlines with the highest bid of Rs 135 billion in an auction held for the national carrier’s privatization process. The joint venture, in its statement issued on Thursday, said the partnership

December 25, 2025

News Desk

Arif Habib joint venture plans to expand PIA’s fleet to 64 aircraft after Rs 135 billion takeover

A Pakistan International Airlines (PIA) plane prepares to take off at the Alama Iqbal International Airport in Lahore. — Reuters/File Habib confirms that Fauji Fertilizer has also joined the joint venture. Adding the remaining 25% stake will bring Rs 45 billion to the fund. The government expects to have an airline operating under a new owner by April 2026. Arif Habib, founder of one of Pakistan’s leading business conglomerates, said on Wednesday his joint venture plans to expand the fleet of Pakistan International Airlines (PIA) to 64 aircraft in phases after acquiring a majority stake under the government’s privatization process.

December 25, 2025

News Desk

PIA will be run by the Arif Habib-led consortium till April 2026

The national carrier, Pakistan International Airlines (PIA), is expected to be run by a new owner from April 2026. It will also receive new capital as part of a deal to privatize the airline, the country’s privatization chief said on Wednesday. A consortium led by Arif Habib Corporation emerged as the top bidder on Tuesday in a live televised auction for 75% of PIA shares. This marks a major breakthrough for the government’s delayed privatization of the carrier. The consortium offered 135 billion rupiah, exceeding the government’s reserve price of 100 billion rupiah – a rebound from last year’s failed

December 23, 2025

News Desk

The Arif Habib-led consortium makes the highest bid of Rs 121 billion

Three bids received for national carrier in televised auction. The auction follows last year’s failed attempt due to low bidding. PIA’s prospects improve with debt relief, bans lifted. The consortium led by Arif Habib Corporation Limited submitted the highest bid of Rs 121 billion, followed by the consortium of Lucky Cement Limited with Rs 120.25 billion in the second round of bidding process for Pakistan International Airlines (PIA). An official of the Privatization Commission opened the bids in the country’s second televised attempt to privatize the national airliner. Speaking ahead of the open auction, Privatization Commission chairman Muhammad Ali said

June 25, 2024

News Desk

Arif Lohar’s ‘Aa’ reaches the FIFA World Cup

Legendary artist Arif Lohar has immortalized Punjabi folk music through his powerful voice and soulful songs. Renowned for his ability to evolve with the times while retaining the essence of traditional music, Lohar’s repertoire includes everything from party anthems to solace for the brokenhearted. His latest release, Ah, epitomizes his versatile talent. Despite its simplicity, the song quickly became a fan favorite, so much so that it even found its way into the FIFA World Cup. Football and music fans were pleasantly surprised to find that Lohar’s Ah appeared on the official FIFA World Cup Instagram page. The song was

August 6, 2022

The Pakistan Daily

Absence from martyrs’ funeral being made controversial unnecessarily, says President Alvi

ISLAMABAD: Reacting to the social media criticism of him for not attending the funeral prayers of shuhda — who embraced martyrdom in the Balochistan helicopter crash, President Arif Alvi has said that the matter was being made controversial unnecessarily. In his tweet, President Arif Alvi said, “There is unnecessary controversy on why I did not attend janaza of the shaheeds recently.” The president made the remarks on his personal account a day after martyrs of the Balochistan helicopter disaster were laid to rest with full military honours. The president said that this also allows him to condemn, in unequivocal terms, the despicable

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