The Privatisation Commission of Pakistan is pleased to announce that the bidding process for the sale of 75% shares in Pakistan International Airlines Corporation Limited (PIACL) is scheduled to take place today, Tuesday, marking a landmark moment in the country’s economic reform agenda.
All corporate eyes on PIA privatisation, tomorrow is D-day.
Behind the scenes drama has emerged. In a stunning development, Tabba Group flatly rejected a joint-venture proposal pitched by Arif Habib Group at a PM-led meeting last week – – a deal that would have split ownership… pic.twitter.com/TcCj1EMbxD— Kamran Khan (@AajKamranKhan) December 22, 2025
Following the exit of Fauji Fertiliser Company (FFC), three major consortiums remain in the competitive hunt for the national flag carrier:
- Consortium led by AirBlue
- Consortium led by Arif Habib Pvt Ltd
- Consortium led by Lucky Cement
Privatisation Minister Muhammad Ali has confirmed a unique and stringent stipulation for this transaction: unsuccessful bidders will be strictly prohibited from any future role in the airline’s management.
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“Losing bidders will have no right to join the winning bidder post-auction,” the Minister stated. This policy ensures that the competition remains genuine and prevents the formation of post-bid cartels. Only entities that were not part of today’s formal auction process will be eligible to join the winning management group at a later stage.
To ensure absolute transparency and public trust, the Commission has outlined a clear timeline for today’s proceedings:
- 10:30 AM: Submission of sealed bids by the pre-qualified consortiums.
- Approval Phase: The reference price will be finalized by the Privatisation Commission Board and the Cabinet Committee on Privatisation (CCoP) immediately after bids are received.
- 03:30 PM: Public opening of bids in a ceremony attended by all stakeholders.
In a move to avoid the discrepancies of previous bidding attempts, the entire process will be telecast live and streamed across all national television channels and official social media handles. This initiative underscores the government’s commitment to a fair, open, and competitive privatization process.
Adviser to the Prime Minister on Privatisation, Mr. Muhammad Ali, will conduct a press conference following the conclusion of the bidding to provide a detailed briefing on the results and the next steps for PIACL’s transition.
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