Pakistan Revenue
Management control handed over as Rs180 billion investment deal moves into execution phase ISLAMABAD: Pakistan has completed the first closing of the privatisation of Pakistan International Airlines Corporation Limited (PIACL), formally transferring management control of the national carrier to a consortium led by Arif Habib Corporation Limited, the Privatisation Commission said on Monday.
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Government waives sales tax on PIA aircraft, parts, and ground equipment to lift national carrier
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ISLAMABAD, May 4, 2026 – The Federal Board of Revenue (FBR) has announced a waiver of penalties and default surcharge on tax liabilities amounting to Rs8.77 billion payable by Pakistan International Airlines (PIA).
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ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of Pakistan International Airlines Corporation Limited (PIA) by a consortium led by Arif Habib Corporation Limited, marking a major step in the government’s privatization drive.
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ISLAMABAD, April 27 – The Economic Coordination Committee (ECC) on Monday approved nearly Rs6 billion to support the settlement of liabilities of the national carrier, while also endorsing a series of policy measures aimed at stabilizing the economy, improving trade compliance, and strengthening governance.
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Islamabad, February 28, 2026 — Pakistan International Airlines (PIA) on Saturday announced the temporary suspension of its flights to the United Arab Emirates (UAE), Bahrain, Kuwait, and Qatar until Sunday evening or until the reopening of the affected regional airspaces.
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The Governments of Pakistan and the United States have formally launched a strategic economic initiative aimed at strengthening bilateral cooperation, including collaboration with the U.S. General Services Administration (GSA) on the operation, maintenance, renovation, and redevelopment of the iconic Roosevelt Hotel in New York.
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Islamabad, December 23, 2025 — Prime Minister Muhammad Shehbaz Sharif on Tuesday congratulated the nation on the successful and transparent bidding process for the privatization of 75% shares of Pakistan International Airlines (PIA), calling it a major milestone in the government’s economic reform agenda.
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Islamabad, December 22, 2025 — The Privatization Commission (PC) is set to conduct live open bidding for the sale of 75 percent shares of Pakistan International Airlines Corporation Limited (PIACL) on Tuesday, December 23, 2025, as part of the government’s ongoing privatization drive.
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Lahore, November 25, 2025 – Bangladesh is set to start direct flights to Pakistan next month, marking a major step in strengthening connectivity and trade between the two countries. High Commissioner of Bangladesh Iqbal Hussain Khan announced that Mahan Air is likely to operate three weekly flights between Karachi and Dhaka, enhancing both business and […]
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