Key Takeaways

  • Pakistan International Airlines sold to investors consortium.
  • Sale price: 135 billion Pakistani Rupees (US$482 million).
  • 75% stake acquired by Arif Habib Limited.
  • Pakistani government to receive 10 billion Pakistani Rupees in cash.
  • New owners to retain all employees for at least 12 months.
Pakistan International Airlines Arif Habib Limited Fatima Fertilizer AKD Group Fauji Fertiliser Company

Strategic Implications

The sale may indicate the Pakistani government’s willingness to divest state-owned companies. The new ownership could bring stability and investment, but also raises concerns about job security and operational challenges. The acquisition price suggests a significant financial burden on the airline, which will need to restructure and revive its operations.