ISLAMABAD, April 15, 2026 — The Competition Commission of Pakistan (CCP) has approved the acquisition of a shareholding in Pakistan’s Northern Technik Private Limited by UAE-based International Business Company FZE, paving the way for fresh foreign direct investment in the country’s aviation services sector.
According to a statement issued on Wednesday, the transaction involves the purchase of a significant stake in Northern Technik, a company that provides aircraft line maintenance services to commercial airlines operating in Pakistan. The seller, SPARS Private Limited, has interests across real estate, aviation, telecom, pharmaceuticals, IT, construction and engineering services.
International Business Company FZE, incorporated in the United Arab Emirates in 2010, operates as an importer, exporter and general trading firm, and also provides consultancy services in business, marketing and management.
The CCP said it conducted a Phase-I review under Section 11 of the Competition Act, 2010 and concluded that the transaction raises no competition concerns.
For the purpose of its assessment, the regulator defined the relevant market as aircraft line maintenance services in Pakistan. It noted that the sector remains fragmented, with multiple service providers operating alongside airlines that maintain in-house maintenance capabilities.
The Commission further observed that there is no horizontal overlap between the business activities of the acquirer and the target company. As a result, the acquisition is not expected to alter existing market structure or significantly impact market share distribution within the sector.
According to the CCP, the deal does not create or strengthen a dominant position in the market, nor does it pose risks of market foreclosure, collusion or exclusionary practices. It also found no indication that the transaction would raise entry barriers or enhance market power in a way that could harm competition.
The approval was granted under Section 31(1)(d)(i) of the Competition Act, allowing the transaction to proceed.
The CCP said the decision reflects its broader commitment to facilitating foreign investment through transparent and efficient merger review processes, while ensuring that market competition remains fair, open and supportive of economic growth.
Analysts say the approval underscores growing investor interest in Pakistan’s aviation services sector, particularly in maintenance and technical support operations linked to expanding regional air traffic.