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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Pakistan suspends flights to UAE, Bahrain, Kuwait and Qatar amid regional tensions
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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Pakistan, US launch strategic economic initiative for Roosevelt Hotel redevelopment
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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PIA privatization completed as government sells 75% stake
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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PC to hold live bidding for 75% PIACL shares on December 23
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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Bangladesh to launch direct flights to Pakistan next month, says envoy
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 tourism ties.
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PIA Sale Gains Pace as PC Board Okays Four Bidders
Islamabad, July 9, 2025 — In a significant stride toward the privatization of Pakistan International Airlines (PIA), the Privatization Commission (PC) Board has officially prequalified four interested parties for the national carrier’s divestment.
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PIA Set to Resume Flights to Europe After Four Years
KARACHI: Pakistan International Airlines (PIA) is poised to resume flights to Europe, marking its return to the region after a suspension of over four years. Starting January 10, 2025, the national carrier will operate twice-weekly flights between Islamabad and Paris on Boeing 777 aircraft. Ticket bookings will commence on December 7, 2024.
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PIA Will Get Higher Bids After EASA Lifts Ban: Khawaja Asif
Sialkot, November 30, 2024 – Aviation Minister Khawaja Asif welcomed the European Commission and the European Aviation Safety Agency’s (EASA) decision to lift the suspension on Pakistan International Airlines (PIA), expressing optimism about its positive impact on the privatization process of the indebted national carrier.
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