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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 21, 2025

News Desk

Fauji Fertilizer abandons PIA bid as three teams remain in the race

A view of the PIA passenger plane, taken through a glass panel, at Islamabad International Airport, Pakistan, on October 3, 2023. — Reuters The competition is scheduled for December 23, officials say. Four bidders were selected by the Council of the Privatization Commission. AKD Group joined the Arif Habib-led consortium on November 7. ISLAMABAD: Fauji Fertilizer Company Ltd, which was earlier considered a leading bidder for 75% stake in Pakistan International Airlines, has formally withdrawn from the privatization tender and notified the Privatization Commission, even as sealed bids are due on December 23. The News was mentioned. The move was

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