Relief covers penalties on sales tax and federal excise duty dues while principal liabilities remain payable
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FBR exempts PIA from Rs4.29 billion in tax surcharges, penalties
Tax relief aims to support airline’s privatisation while preserving underlying income tax liabilities
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Pakistan extends sales tax exemption on aircraft imports to all airlines
Finance Act 2026 broadens aviation tax exemption beyond PIA to all airlines registered in Pakistan from July 2026
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PIA Appoints Former Ethiopian Airlines Chief as CEO to Lead Turnaround
Former Ethiopian Airlines chief to lead national carrier’s post-privatisation restructuring and growth strategy
ISLAMABAD: Pakistan International Airlines (PIA) has appointed former Ethiopian Airlines chief executive Tewolde Gebremariam as its new CEO, as the recently privatised national carrier seeks to revive operations, improve efficiency and restore profitability, according to officials familiar with the matter.
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PIA Privatisation Advances as Buyer Takes 66.67% Stake
First phase of privatisation transfers controlling stake to investor consortium following fresh equity injection
ISLAMABAD: Pakistan’s privatisation of Pakistan International Airlines Corporation Limited (PIACL) has reached a major milestone after the successful completion of the first phase of the transaction, transferring a controlling stake in the national carrier to the successful bidder consortium.
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Government Transfers PIACL Management After First Financial Closing
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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Finance Bill, 2026: Sales tax exemption granted on import or lease of PIACL aircrafts
Government waives sales tax on PIA aircraft, parts, and ground equipment to lift national carrier
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FBR Waives Penalties on Rs8.77 Billion Tax Liability of PIA
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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CCP approves PIA acquisition by Arif Habib-led consortium in key privatization move
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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ECC approves Rs6 billion for PIA liabilities, backs key trade and reform measures
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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