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PIA SOLD FOR RS135B; ARIF HABIB GROUP OUTBIDS LUCKY IN OPEN AUCTION
Wednesday, 24 December, 2025 | 3 Rajabul Murajjab, 1447 PROFIT
staff report
FTER a competitive open auction between the respective consortia led by Lucky group and Arif Habib group. The Pakistan International Airlines has finally been sold to Arif Habib consortium for Rs 135 billion. The open auction for 75% of PIA started at Rs 115.25 billion, Rs 250 million above the highest initial bid, made by the Arif Habib Consortium. The Lucky Cement consortium’s Rs 115.25 was met with incre-
mentally higher bids from Arif Habib consortium. At Rs 121 billion, forwarded by AHL group, Lucky consortium opted for a 30 minute break. After the break, the increments in-
Profit
creased significantly. When the eventual bid reached Rs 134 billion by Lucky consortium. A whopping Rs 135 billion by Arif Habib group was not met with a further bid by Lucky.
Rs 20.00 | Vol XVI No 169 | 8 Pages | Islamabad Edition
The consortium led by Arif Habib Limited contains strong business and corporate entities like, Arif Habib Corporation Limited, Fatima Fertiliser Company Limited, City Schools (Private) Limited, and Lake
City Holdings (Private) Limited. The winning consortium will now have to option to buy the remaining 25% of the PIA within the next 90 days.
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