Arif Habib consortium emerges victorious in PIA auction with Rs135bn bid

[Wasim Ghulam]

Shouldn't that be on top. They are paying 10bn.

Re investment into company that you own 75% is pretty sweet deal.

 

[The Bald Eagle]

you do realize that once Arif Habib group owns 75 % stake paying 10 Billion cash only , any re investement will elevate status of Arif Habib group . Govt or Public is not getting any benefit of that. Me and you as taxpayer will still be paying that legacy debt
It's like you Buy a House for 135 crore . You give 10 crore to owner of the house , and tell him remaining 125 crores you will spend to decorate the same house you bought for yourself

Yes, dumb logic....govt need to come clean on it

 

[Bewal Express]

Yes, dumb logic....govt need to come clean on it

The PIA was destroyed by both PPP and Nooras using the airline as a cash cow by taking on 1000s of extra workers for bribes. I am sure @emranabbas can explain why?

There is no logic to this deal being so cheap. Look at how this deal unravelled in a matter of hours. You pay 10bn for a national Airline and look at how quickly the media cell guy went on the defensive. Surely as a PK you would also be asking why so cheap? But if you did "daddy" wouldn't get his Portuguese passport.
And what experience does Habib have in running airlines? If he doesn't, why him?

 

[IronShield]

Seeing rumours of Fauji Fertiliser getting in on the act post the bid process.

So my assumption is that the 25% is to goto Fauji Fertiliser and thats why they stepped aside for Habib to win to bring the illusion of "fairness" to the farce. The fact that Habib bid itself is an alliance tells you that the constituent members represent different stakeholders from the civilian-miltary junta.

Just another day in Pakistan....

 

[Bewal Express]

Seeing rumours of Fauji Fertiliser getting in on the act post the bid process.

So my assumption is that the 25% is to goto Fauji Fertiliser and thats why they stepped aside for Habib to win to bring the illusion of "fairness" to the farce. The fact that Habib bid itself is an alliance tells you that the constituent members represent different stakeholders from the civilian-miltary junta.

Just another day in Pakistan....

Everyone got their share. Its the old AZ mantra, why are we fighting when we could eat a poor countries wealth.

 

[Major]

Privatising PIA is such a bad move by this government.

A much smarter approach would be to spread fake news about PIA pilots having fake licenses and get the airline banned in multiple countries you know, just like the PTI government did.

 

[Major]

Seeing rumours of Fauji Fertiliser getting in on the act post the bid process.

So my assumption is that the 25% is to goto Fauji Fertiliser and thats why they stepped aside for Habib to win to bring the illusion of "fairness" to the farce. The fact that Habib bid itself is an alliance tells you that the constituent members represent different stakeholders from the civilian-miltary junta.

Just another day in Pakistan....

It was an open market bid. Anyone can make an alliance and join the bidding. Fatima fertilizers one of the partners and AKD are some of the biggest companies of Pakistan.

You guys always wanted pia to be privatized, and it happens, the whinning starts. Maybe cause it happened in some other govt and not under pti.

Oh right, i remember, pti was the one that spread fake news and got pia banned in Europe.

One of the first things you can do to an airline is lose its international routes.

 

[Major]

Yes, dumb logic....govt need to come clean on it

Plz give us smart logic.

 

[Major]

The PIA was destroyed by both PPP and Nooras using the airline as a cash cow by taking on 1000s of extra workers for bribes. I am sure @emranabbas can explain why?

There is no logic to this deal being so cheap. Look at how this deal unravelled in a matter of hours. You pay 10bn for a national Airline and look at how quickly the media cell guy went on the defensive. Surely as a PK you would also be asking why so cheap? But if you did "daddy" wouldn't get his Portuguese passport.
And what experience does Habib have in running airlines? If he doesn't, why him?

A pti fan should be the last person on earth to do such talk.

Pia literally got PIA banned that increased the debt.

 

[BouncerGuy]

A pti fan should be the last person on earth to do such talk.

Pia literally got PIA banned that increased the debt.

Seeing people happy on this PIA privatization makes me laugh on their IQ level...

Brother, did you, by any chance, read the whole thing about his bid?

 

[Kianig89]

So remaining 25% shares are also being sold to the consortium , wow this materialised quicker than a villager selling his hens. One poster here was harping about compliance and secrecy and due diligence

 

[BouncerGuy]

Another one bites the dust... FAUJI.... LOL

---------------------------

Fauji Fertiliser Company joins winning consortium after PIA auction

Fauji Fertiliser Company (FFC) on Wednesday decided to join a consortium led by Arif Habib Corporation Limited, which emerged as the winning bidder for the acquisition of a 75 per cent stake in Pakistan International Airlines (PIA) on Tuesday.

Confirming the development, Arif Habib told Dawn that FFC had joined his consortium and that discussions were under way to finalise the terms and conditions of the partnership.

FFC was one of the four bidders for the acquisition of a 75pc stake in PIA, but it withdrew from the bidding process ahead of the submission and opening of bids.

Under the conditions, a bidder that withdraws has the right to join the winning consortium, subject to meeting the criteria set by the Privatisation Commission.

Adviser to the Prime Minister on Privatisation Muhammad Ali welcomed the move, saying it would strengthen the consortium both financially and in terms of management depth, expertise and global linkages.

“PIA will require a financially and operationally sound consortium if we want to make it a global leader in aviation.

“The participation of Fauji Fertiliser will help in achieving this ambition and is an encouraging development,” he said.

Earlier, during a press conference, Mr Ali described Fauji Fertiliser as a sound and strong group with management expertise and presence.

“If they join, the buyer group will be further strengthened,” he said.

Fauji Fertiliser Company joins winning consortium after PIA auction

Arif Habib says discussions under way to finalise the terms and conditions of the partnership.

www.dawn.com

 

[DeadlyVenom]

Do you even know who Ghulam Sarwar Khan is or what his statements cost Pakistan International Airlines?

After his comments in 2020, PIA was banned from flying to Europe, which was one of its most profitable markets. The airline 6 billion rupees every month, you do the maths and tell me how much in total was lost.

If there were real problems, they should have been fixed through reforms, not announced publicly for political point-scoring.

Anyone saying PIA didn’t suffer huge losses after the ban is simply a blind PTI cult follower

This is true.

It was a disasterous statement

 

[Bewal Express]

A pti fan should be the last person on earth to do such talk.

Pia literally got PIA banned that increased the debt.

Another day, another post and more brazen stupidity. Do you get paid to post this crap or are you being stupid of your own back

As a PTI supporter I can literally tell you that some crooks had been hiring unqualified pilots. Guess who they were Major Sahib? And not surprisingly the PIA has/had one of the lowest ramked safety records of in the World. How would have thought the two are linked

As I PTI supporter i can literally tell.you that the PIA had one of the highest( if not the highest) ratios employees to planes under the mafia. Maybe you can literally us tell me who got bribes to hire all these people?
Sometimes I amazed at your beghairati at pretending that you understand even the most basic thing about PK politics. Afterall,"daddy" doesn't get those Portuguese passports for free.

 

[emranabbas]

Seeing people happy on this PIA privatization makes me laugh on their IQ level...

Brother, did you, by any chance, read the whole thing about his bid?

Everyone crying about this is clearly running a PTI agenda. Let’s not pretend for a second that this outrage has anything to do with the country’s benefit. It’s pure political noise, nothing more.

Imagine owning a donkey with only two legs. It’s been dragging itself along for years, piling up debt nonstop because of sheer incompetence under a PTI minister. The donkey is exhausted, broken, and about to collapse. Any sane person would get rid of it and hand it over to someone willing to invest, fix it, and give it prosthetics so it can actually function again. That at least gives the donkey a chance to survive.

But PTI logic is something else entirely. Instead of fixing the problem sensibly, you’d rather keep the crippled donkey, borrow more money, and watch it bleed the owner dry then cry victim when the bill lands on taxpayers.

And let’s be real: if the government had taken yet another IMF loan and wasted billions trying to keep this dead-weight alive, the same PTI cheerleaders would still be screaming. This time it would be “why are taxpayers paying for it?”
No solution ever satisfies you sell it, you cry; invest in it, you cry; fix it, you cry. The only consistent thing is the whining. It’s not about economics, accountability, or the country. It’s about politics, hypocrisy, and endless noise.

 

[emranabbas]

Another day, another post and more brazen stupidity. Do you get paid to post this crap or are you being stupid of your own back

As a PTI supporter I can literally tell you that some crooks had been hiring unqualified pilots. Guess who they were Major Sahib? And not surprisingly the PIA has/had one of the lowest ramked safety records of in the World. How would have thought the two are linked

As I PTI supporter i can literally tell.you that the PIA had one of the highest( if not the highest) ratios employees to planes under the mafia. Maybe you can literally us tell me who got bribes to hire all these people?
Sometimes I amazed at your beghairati at pretending that you understand even the most basic thing about PK politics. Afterall,"daddy" doesn't get those Portuguese passports for free.

If there were genuine, serious problems, PTI had one clear responsibility: fix them through proper reforms. That’s what governments are elected to do. Instead, they chose the lazy and reckless option announcing issues publicly for political point-scoring, airing internal failures on the world stage, and trying to look “honest” while doing real damage.

By shouting incompetence instead of correcting it, they didn’t reform anything they handed Europe a ready-made excuse to ban PIA. That ban didn’t punish politicians; it punished the airline, its workers, and the country’s economy through lost routes, lost revenue, and long-term reputational damage.

A responsible government fixes problems quietly, strengthens systems, and protects national institutions. PTI did the opposite: they talked, postured, and chased headlines, then acted surprised when the consequences landed. This wasn’t transparency it was irresponsibility dressed up as virtue, and the country paid the price for it.

 

[DeadlyVenom]

Everyone crying about this is clearly running a PTI agenda. Let’s not pretend for a second that this outrage has anything to do with the country’s benefit. It’s pure political noise, nothing more.

Imagine owning a donkey with only two legs. It’s been dragging itself along for years, piling up debt nonstop because of sheer incompetence under a PTI minister. The donkey is exhausted, broken, and about to collapse. Any sane person would get rid of it and hand it over to someone willing to invest, fix it, and give it prosthetics so it can actually function again. That at least gives the donkey a chance to survive.

But PTI logic is something else entirely. Instead of fixing the problem sensibly, you’d rather keep the crippled donkey, borrow more money, and watch it bleed the owner dry then cry victim when the bill lands on taxpayers.

And let’s be real: if the government had taken yet another IMF loan and wasted billions trying to keep this dead-weight alive, the same PTI cheerleaders would still be screaming. This time it would be “why are taxpayers paying for it?”
No solution ever satisfies you sell it, you cry; invest in it, you cry; fix it, you cry. The only consistent thing is the whining. It’s not about economics, accountability, or the country. It’s about politics, hypocrisy, and endless noise.

Both things can be criticized.

PTi minister blunder, and this scam sale too.

Why the need to pick sides?

 

[Major]

Seeing people happy on this PIA privatization makes me laugh on their IQ level...

Brother, did you, by any chance, read the whole thing about his bid?

Explain here what was wrong

 

[BouncerGuy]

Explain here what was wrong

Just have a read and then I will ask you about it... Don't want you to say that it is fake and this and that..

Go through some credible source about this whole big thing.

Btw, Fauji fertilizer has also joined the thing so that sums up the whole thing

 

[emranabbas]

Both things can be criticized.

PTi minister blunder, and this scam sale too.

Why the need to pick sides?

Agreed both things can be criticized

But PIA had become a major burden, and getting rid of it was the most practical option.

At this point, there is no evidence to suggest this was a scam. The detailed terms of the deal haven’t been fully disclosed yet, and until they are, there’s nothing concrete to point to any wrongdoing.

For now, it simply appears that the government wanted to offload a long-standing liability that was draining public resources.

 

[Wasim Ghulam]

Both things can be criticized.

PTi minister blunder, and this scam sale too.

Why the need to pick sides?

people like @emranabbas and @Major cant have serious discussion about Merits and Transparency of this Sale so only viable option they are left with is to make it PTI vs Everything . A classic case of Deflection . if you cant defend it , call it political propoganda

 

[Wasim Ghulam]

For now, it simply appears that the government wanted to offload a long-standing liability that was draining public resources.

LOL

Off loading liabilities does nt mean you can Just sell National carrier for price of Scrap and no transparency

If only off loading liabilities was major concern then why Govt Allowed arif habib to re invest 125 Billion of its money from BID back into PIA ? As a government you have sold it , Let Private sector worry about runninh it. THEY BOUGHT IT

Why not use that 125 Billion to clear legacy Debt of PIA which is now burden of Tax payer

 

[Wasim Ghulam]

When Govt asked for Expression of Interest in Sale of PIA through Ads , why this term was not disclosed which allowed the Bidder to re invest 92.5% of Bid money back into same assest they bought in 5 years? That is another scam

This clause should have been clear before bidding process.

There would have been Many more Interested Investors if they knew they can buy whole national carrier with operationql fleet and premium routes for only 10 Billion Upfront Cash outlay.. is nt that great?

 

[emranabbas]

LOL

Off loading liabilities does nt mean you can Just sell National carrier for price of Scrap and no transparency

If only off loading liabilities was major concern then why Govt Allowed arif habib to re invest 125 Billion of its money from BID back into PIA ? As a government you have sold it , Let Private sector worry about runninh it. THEY BOUGHT IT

Why not use that 125 Billion to clear legacy Debt of PIA which is now burden of Tax payer

This is the exact model the Indian government used when it privatised Air India.

When Air India was sold to the Tata Group, the Indian government retained most of the debt and passed on only a manageable portion to the buyer. That step is what made the sale possible no private investor takes on an airline buried under decades of state-created debt. The results speak for themselves today in Air India’s turnaround and expansion.

At this stage, you’re coming across as desperate. After all the big talk and copy-pasting from ChatGPT, you’re now reduced to asking basic questions that anyone with even a basic understanding of business already knows the answers to.

Honestly, it would be better to step away from this thread than continue embarrassing yourself on a subject you clearly don’t understand.

 

[emranabbas]

When Govt asked for Expression of Interest in Sale of PIA through Ads , why this term was not disclosed which allowed the Bidder to re invest 92.5% of Bid money back into same assest they bought in 5 years? That is another scam

This clause should have been clear before bidding process.

There would have been Many more Interested Investors if they knew they can buy whole national carrier with operationql fleet and premium routes for only 10 Billion Upfront Cash outlay.. is nt that great?

can you first tell us how many aircraft PIA owns, how many are leased, and how many are even operational.

 

[Wasim Ghulam]

This is the exact model the Indian government used when it privatised Air India.

When Air India was sold to the Tata Group, the Indian government retained most of the debt and passed on only a manageable portion to the buyer. That step is what made the sale possible no private investor takes on an airline buried under decades of state-created debt. The results speak for themselves today in Air India’s turnaround and expansion.

At this stage, you’re coming across as desperate. After all the big talk and copy-pasting from ChatGPT, you’re now reduced to asking basic questions that anyone with even a basic understanding of business already knows the answers to.

Honestly, it would be better to step away from this thread than continue embarrassing yourself on a subject you clearly don’t understand.

First I only used Chat GPT to list the laws a poster asked about . I did nt want to type them here. Nothing wrong in using Chat GPT. it exists in my device to help me out. so Stop trying to embarrass me when there is none to be had

Second Govt is already taking on legacy debt of PIA . But that was not even my question and you again chose to ignore it because you do not have answer to it so now you want to deflect to Sale of Air India that is exact opposite of what GOP did.

May be you should read about that comaprable sale process

2.4 Billion $ was bid. GOI got around 350 Million $ and remaining 2.1 Billion $ was not gifted back to TATA group to run the airline , that 2.1 Billion $ will be used to by Tata to assume debt of Air India . Tata Has to run the airline with its own money

Dismissing posters here with insults of chat GPT won't win you arguments and you just ended up quoting Air India sale that kills your entire premises about PIA sale

 

[emranabbas]

First I only used Chat GPT to list the laws a poster asked about . I did nt want to type them here. Nothing wrong in using Chat GPT. it exists in my device to help me out. so Stop trying to embarrass me when there is none to be had

Second Govt is already taking on legacy debt of PIA . But that was not even my question and you again chose to ignore it because you do not have answer to it so now you want to deflect to Sale of Air India that is exact opposite of what GOP did.

May be you should read about that comaprable sale process

2.4 Billion $ was bid. GOI got around 350 Million $ and remaining 2.1 Billion $ was not gifted back to TATA group to run the airline , that 2.1 Billion $ will be used to by Tata to assume debt of Air India . Tata Has to run the airline with its own money

Dismissing posters here with insults of chat GPT won't win you arguments and you just ended up quoting Air India sale that kills your entire premises about PIA sale

I think you have issues read and understanding
So I'm going to go step by step rather than you blabbering

First of all all that noise your making can you tell us how many aircraft PIA owns, how many are leased, and how many are even operational. You can ask chatgpt if you dont know

So I can move to next part

 

[Wasim Ghulam]

can you first tell us how many aircraft PIA owns, how many are leased, and how many are even operational.

and why do I need to tell you this? I asked in post why did nt govt disclosed full terms like re investment clause in expression of interest so there would have been many interested investors other than Arif Habib group . Why Govt chose to hide this critical clause that could have changed the bid In hindsight?

you respond to me with another question lol

 

[Wasim Ghulam]

I think you have issues read and understanding
So I'm going to go step by step rather than you blabbering

First of all all that noise your making can you tell us how many aircraft PIA owns, how many are leased, and how many are even operational. You can ask chatgpt if you dont know

So I can move to next part

why Govt allowed to re invest 125 billion of its BID money back into PIA which it does nt own anymore? Its like giving free money to Arif Habib Group because they would nt be able to run the airline they BOUGHT

 

[emranabbas]

why Govt allowed to re invest 125 billion of its BID money back into PIA which it does nt own anymore? Its like giving free money to Arif Habib Group because they would nt be able to run the airline they BOUGHT

No, that’s not correct you’re simply not understanding the deal.

I’m trying to explain it clearly, but instead of answering the questions being asked, you keep blabbering and changing the subject. Probably because you know that once you answer directly, your going to get destroyed.

So once again

Can you tell us how many aircraft PIA actually owns, how many are leased, and how many are even operational?

 

[Major]

Just have a read and then I will ask you about it... Don't want you to say that it is fake and this and that..

Go through some credible source about this whole big thing.

Btw, Fauji fertilizer has also joined the thing so that sums up the whole thing

What do you want me to read when i have already followed it.

Unless you have the capital, you cant decide who should invest and who should not.

 

[Major]

people like @emranabbas and @Major cant have serious discussion about Merits and Transparency of this Sale so only viable option they are left with is to make it PTI vs Everything . A classic case of Deflection . if you cant defend it , call it political propoganda

Says the guy who copy pasted chatgpt and failed to comprehend it that no law was violated in this privatization

 

[Wasim Ghulam]

No, that’s not correct you’re simply not understanding the deal.

I’m trying to explain it clearly, but instead of answering the questions being asked, you keep blabbering and changing the subject. Probably because you know that once you answer directly, your going to get destroyed.

So once again

Can you tell us how many aircraft PIA actually owns, how many are leased, and how many are even operational?

I have already moved past valuation and what PIA owns. I kept asking yesterday where is independent evaluations of what PIA owns in Assets that would have covered your current question about what PIA owns as far leases and operational aircrafts . You did nt have answer to that so flipping the question on me does nt make any sense

For Sake of discussion and moving on , we are at BID process where every evaluation has been considered and taken care of

135 Billion is BID for everything. Assumed liabilities , Debts and Assets owned

Why GOP allowed 125 Billion of 135 to be re invested back into PIA that it has off loaded ?

BID money is GOVT proceeds correct? Why govt is gifting back that money to investor that bought the airline?

 

[Wasim Ghulam]

Says the guy who copy pasted chatgpt and failed to comprehend it that no law was violated in this privatization

Keep mentioning chat GPT , wont change facts

 

[emranabbas]

I have already moved past valuation and what PIA owns. I kept asking yesterday where is independent evaluations of what PIA owns in Assets that would have covered your current question about what PIA owns as far leases and operational aircrafts . You did nt have answer to that so flipping the question on me does nt make any sense

For Sake of discussion and moving on , we are at BID process where every evaluation has been considered and taken care of

135 Billion is BID for everything. Assumed liabilities , Debts and Assets owned

Why GOP allowed 125 Billion of 135 to be re invested back into PIA that it has off loaded ?

BID money is GOVT proceeds correct? Why govt is gifting back that money to investor that bought the airline?

I can’t move this discussion forward because understanding C depends on first understanding A and B. If you’re unwilling to engage with those basics, then there’s no real discussion happening.

Instead, you’re creating unnecessary noise and pushing a PTI agenda rather than addressing the facts. Engage with the fundamentals first, or stop pretending this is a serious debate.

 

[Wasim Ghulam]

I can’t move this discussion forward because understanding C depends on first understanding A and B. If you’re unwilling to engage with those basics, then there’s no real discussion happening.

Instead, you’re creating unnecessary noise and pushing a PTI agenda rather than addressing the facts. Engage with the fundamentals first, or stop pretending this is a serious debate.

hahahaha

you can make me understand A and B . I was asking that question yesterday and reason was that I wanted to give opportunity to posters here to explain if this privatization is done right way. Go back to my posts yesterday. How many times I asked is there any evaluation conducted by Govt for sale of PIA ? whether that document has been made public?

Im not aviation expert to know how many leases PIA have. That's the problem of whole thing . have you ever heard word transparency ? Its Job of Govt To disclose the very question you are asking so common people like me can know if Govt is being honest... asking questions does nt make it PTI agenda

 

[Rafale Nidhal Fan]

Arif Habib consortium emerges victorious in PIA auction with Rs135bn bid​

ISLAMABAD: A successful bid of Rs135bn by Arif Habib won the auction for Pakistan International Airlines Corporation Ltd (PIAC) after the process moved to an open auction round at a ceremony in Islamabad, marking the country’s first major privatisation in nearly two decades.

Initially, pre-qualified bids were submitted by Lucky Cement, private airline Airblue and investment firm Arif Habib in the morning. Airblue exited the race after the first round of bidding, with a proposition lower than the reference price of Rs100bn.

In the first round, Lucky Cement put up a bid of Rs101.5bn, Airblue Rs26.5bn, and the Arif Habib consortium bid Rs115bn, after which the reference price was announced.

Following that, a 30-minute break was taken so that the two top bidders could hold consultations. A second round was then commenced.

It began with the base bid at Rs115bn, and the minimum increment was at Rs250 million. The base price was set on the basis of the highest bid made during the first round by Arif Habib.

Both bidders engaged in a brief competition to outbid each other during the round. However, when Lucky Cement raised its bid to Rs134bn, Arif Habib countered with Rs135bn, forcing Lucky Cement to bow out and congratulate Arif Habib.

The whole process was telecast live and streamed across all TV channels as well as the respective social media handles of the government.

Adviser to the prime minister on privatisation, Muhammad Ali, will also hold a press conference after the conclusion of the bidding process.

Finance Minister Muhammad Aurangzeb, speaking at the bidding ceremony, thanked the PM‘s aide and his team for their efforts and hailed the bidding process in terms of transparency.

“It takes a lot of time and effort to get to a good place where we are today,“ he said.

“All of the bidders today are from Pakistan. I used to say that no matter which team wins, Pakistan would win.”

He lauded Pakistan‘s biggest conglomerates for “vying for the best airline” and said that the flag carrier would be led by investors and some of Pakistan’s most experienced businesspeople.

“The fact that they have stepped up is a doubtless sign that anyone who is the successful bidder will take it not only to where we were, but where we need to be in the comity of nations,” Aurangzeb added.

“We need to stop the bleeding and losses, but more importantly, our institutions need to be part of the comity of nations, and we will take them there,” he added.

Aurangzeb also expressed hope that the bidding would increase the number of local investors and, in turn, the number of foreign investors entering the country.

At the outset of the ceremony, the adviser to the prime minister on privatisation addressed the audience.

Ali hoped that PIA’s privatisation would open “paths for investment in the country”.

“I would also like to thank all bidders who are present today, and those who were part of the bidding process but did not reach the final round. We wouldn‘t have been here without them, and this process wouldn’t have been completed,” he said.

“We actively engaged with all the bidders. Two of them demanded to take up to 75 per cent at least, and the other two demanded 100pc,“ he said.

“We wanted a multitude of bidders so the process of bidding would be transparent and competitive,” he continued.

He said that the government had “decided to sell at least 75pc of shares, and simultaneously, we also decided to offer the other 25pc”.

“Bidders will have the right to consider and let the government know if they also want to buy the other 25pc in the next 90 days,” he said.

He further said, “The transaction would be from 75pc up to 100pc; however, 75pc of them will be made available for sale today”.

“The government wanted to structure this transaction so it would also get a fair share and investment to be made,” he said, adding that the government did not just want to sell PIA but “to bring the national airline back to the glory it enjoyed in the past”.

He stressed the need for bringing in “new investment, buy new carriers and repair the engine, cut the liabilities, pay the employees on time”.

“If we want to expand the fleet from 18 planes to 30-40 or more, then investment is the only way,” he added.

In the morning, representatives of the bidding groups had walked in one by one to deposit sealed offers into a transparent box, briefly fumbling as they pushed envelopes through the slot in a separate public ceremony in Islamabad that was also broadcast on state television.

Following that, the reference price for PIACL’s bidding was approved by the Privatisation Commission Board and the Cabinet Committee on Privatisation after bids were received.

Meanwhile, speaking to the media, Ali said, “God willing, we will get a good bid, there will be good investment, and we will succeed.“

The auction was Pakistan’s second attempt at selling the once storied flag carrier after televised bidding last year collapsed when a solitary offer fell far below the government‘s reference price, derailing what would have been the country’s first major privatisation in nearly two decades.

Meanwhile, Prime Minister Shehbaz Sharif, while addressing a meeting of the federal cabinet, thanked government officials and the Privatisation Commission for their role in the national carrier’s privatisation.

He stressed that the process has been made “transparent“, stating that it will be the “largest transaction” ever in Pakistan’s history.

“Today, as the bidding starts [..] the bids will come in sealed envelopes, there will be transparent boxes, there will be a live telecast. When the price is determined, the envelopes will be opened. They will compete, and whoever has the highest bid will [succeed],“ he said.

“Only God knows how high the bid will go, but the process must come back to the cabinet,” he said.

Earlier, Ali said the two unsuccessful bidders will be excluded from any future role in the airline’s management thanks to a unique stipulation.

In recent remarks, he explained that losing bidders will have no right to join the winning bidder, and only those groups who were not party to the auction would be able to join the new management.

This means that while only one of the three consortiums currently in the running for the flag carrier will become part of its administration upon acquisition of a majority stake, Fauji Fertiliser Company Ltd retains the option to join with them subsequently, if it wishes to.

The company was previously in the race for PIA but then decided to quit the bidding process.

Ahead of Tuesday’s bidding, reports surfaced of a behind-the-scenes deal involving at least two of the parties involved — the Arif Habib and Lucky Cement groups — that reportedly fell through.

In a tweet, journalist Kamran Khan alluded to a meeting where it was proposed to split the controlling stake among three of the four interested parties. However, Khan claimed, this arrangement fell through as one of the parties — i.e. the Muhammad Ali Tabba-led Lucky Cement group — did not agree to it.

Both Tabba and a high-ranking government official privy to developments confirmed this, but clarified that this was not a government-brokered meeting, but rather an informal interaction.

Talking to Dawn, Tabba expressed unwavering confidence in the privatisation process, and clarified that the proposal was floated to him after a meeting in Islamabad, which he did not pursue.

Dawn News

How did airblue bid 25 billion compared to others who did over 100??

 

[Rafale Nidhal Fan]

you do realize that once Arif Habib group owns 75 % stake paying 10 Billion cash only , any re investement will elevate status of Arif Habib group . Govt or Public is not getting any benefit of that. Me and you as taxpayer will still be paying that legacy debt
It's like you Buy a House for 135 crore . You give 10 crore to owner of the house , and tell him remaining 125 crores you will spend to decorate the same house you bought for yourself

Logic doesn't sit well with noon supporters

 

[Major]

How tf did airblue bid 25 billion compared to others who did over 100??

Airblue was taking part in this as a lone company.

The other companies were not taking part as loner, but as 3-4 countries in one group. Basically they were sharing the risk.

There was no real benefit for Airblue in this as they have got their own operations, so for them getting involved in a group wasnt needed. The only benefit they would had got from this was, they would had finally got the route license for usa, toronto and europe. But at a cost of sharing the ownership.

 

[emranabbas]

hahahaha

you can make me understand A and B . I was asking that question yesterday and reason was that I wanted to give opportunity to posters here to explain if this privatization is done right way. Go back to my posts yesterday. How many times I asked is there any evaluation conducted by Govt for sale of PIA ? whether that document has been made public?

Im not aviation expert to know how many leases PIA have. That's the problem of whole thing . have you ever heard word transparency ? Its Job of Govt To disclose the very question you are asking so common people like me can know if Govt is being honest... asking questions does nt make it PTI agenda

So you’ve been making all this noise without even knowing what PIA actually owns or what it’s worth.

Yes, transparency is the government’s responsibility and they’ve done exactly that. They’ve clearly outlined what’s included in the fleet, which aircraft are owned, which are leased, and which ones aren’t even operational.

But here’s the real issue: you’ve been screaming “scam” and “corruption” since yesterday while having absolutely no idea what assets PIA actually has. That alone exposes how hollow your argument is.

It’s also painfully obvious you don’t understand how business works, how buying and selling shares works, or what is actually included when someone buys equity in a company.

And no, it’s not the Pakistani government’s job to educate you on these basics that’s something your UK schools are supposed to teach you.

One thing you do seem to know very well though is how to run PTI propaganda loudly and confidently, even when you clearly don’t understand the subject you’re shouting about.

 

[Major]

you do realize that once Arif Habib group owns 75 % stake paying 10 Billion cash only , any re investement will elevate status of Arif Habib group . Govt or Public is not getting any benefit of that. Me and you as taxpayer will still be paying that legacy debt
It's like you Buy a House for 135 crore . You give 10 crore to owner of the house , and tell him remaining 125 crores you will spend to decorate the same house you bought for yourself

The debt was always going to bared by the govt. This was accepted by every party whenever privatization of pia was discussed. Issue was, no party was willing to do this as it was bad pr.

You seem to fail to understand that the point what was the goal behind selling pia. It was never to make a profit for the govt.

The goal was to sell it to make sure it keeps running by some other party, as PIA is the only airline in pakistan that has landing routes of europe, toronto and usa.

Now for that they made a condition that whoever was to purchase it will reinvest the money. The only way pia was to survive was if it was to cashflow in it.

Selling PIA, but without a cashflow basically meant the govt would get 100b, but pia would had ended forever, as it assets would had been sold off at scrap and that was it.

Goal was pias survivability.

It was an open bidding. The fact that 100b is being reinvested is a good thing and will help it survive.

 

[Major]

So you’ve been making all this noise without even knowing what PIA actually owns or what it’s worth.

Yes, transparency is the government’s responsibility and they’ve done exactly that. They’ve clearly outlined what’s included in the fleet, which aircraft are owned, which are leased, and which ones aren’t even operational.

But here’s the real issue: you’ve been screaming “scam” and “corruption” since yesterday while having absolutely no idea what assets PIA actually has. That alone exposes how hollow your argument is.

It’s also painfully obvious you don’t understand how business works, how buying and selling shares works, or what is actually included when someone buys equity in a company.

And no, it’s not the Pakistani government’s job to educate you on these basics that’s something your UK schools are supposed to teach you.

One thing you do seem to know very well though is how to run PTI propaganda loudly and confidently, even when you clearly don’t understand the subject you’re shouting about.

Govt is required to show new adjusted value, and can do business on the book value. This is so that the sale isnt jeopardized for both the seller and purchaser. That is why there is also no such law in place.

Once the sale is complete, than you have a parliamentary discussion on the sale price.

The issue here is, pti fans are unhappy because their govt wanted to do the exact same thing, but what happened was after that idiot Gulam made that stupid statement, pti ended up jeopardizing the landing routes of pia in europe, caused massive debts, which meant there was no way PIA was gonna be privatized till their issue was sorted with European air space.

Even Asad Umar has said that sale of pia was always going to be controversial as the debt was never going to be sold, it was alwyas going to bared by the govt no matter what.

 

[Major]

why Govt allowed to re invest 125 billion of its BID money back into PIA which it does nt own anymore? Its like giving free money to Arif Habib Group because they would nt be able to run the airline they BOUGHT

Because the goal was to keep pia running, and not end it.

If 125b went to govt, you lot would had cried oh look govt is eating money, now that is being reinvested to help run the company with its depleted cashflows, you stillfind a way to cry.

 

[emranabbas]

Govt is required to show new adjusted value, and can do business on the book value. This is so that the sale isnt jeopardized for both the seller and purchaser. That is why there is also no such law in place.

Once the sale is complete, than you have a parliamentary discussion on the sale price.

The issue here is, pti fans are unhappy because their govt wanted to do the exact same thing, but what happened was after that idiot Gulam made that stupid statement, pti ended up jeopardizing the landing routes of pia in europe, caused massive debts, which meant there was no way PIA was gonna be privatized till their issue was sorted with European air space.

Even Asad Umar has said that sale of pia was always going to be controversial as the debt was never going to be sold, it was alwyas going to bared by the govt no matter what.

That single statement ended up costing Pakistan an estimated Rs 5–6 billion in lost profits every month. Over nearly five years, that adds up to Rs 300+ billion in losses damage directly caused by PTI’s actions. This wasn’t harmless talk or political rhetoric; it had real financial consequences, and the country paid the price

 

[Wasim Ghulam]

So you’ve been making all this noise without even knowing what PIA actually owns or what it’s worth.

Yes, transparency is the government’s responsibility and they’ve done exactly that. They’ve clearly outlined what’s included in the fleet, which aircraft are owned, which are leased, and which ones aren’t even operational.

But here’s the real issue: you’ve been screaming “scam” and “corruption” since yesterday while having absolutely no idea what assets PIA actually has. That alone exposes how hollow your argument is.

It’s also painfully obvious you don’t understand how business works, how buying and selling shares works, or what is actually included when someone buys equity in a company.

And no, it’s not the Pakistani government’s job to educate you on these basics that’s something your UK schools are supposed to teach you.

One thing you do seem to know very well though is how to run PTI propaganda loudly and confidently, even when you clearly don’t understand the subject you’re shouting about.

Who told you I'm UK resident? lol

now knowing what PIA owns does nt make my arguments hollow. Every common person has about same information that I have about PIA's worth.

Im not opposed to privatizing PIA and off loading debt ridden entity. But you can't Just fire sale it away and say oh we have off loaded the liabilities and made sure PIA stays float by allowing the investor to re invest Bid money to clear short term liabilities

So Govt has taken on 80% of legacy debt. That part is same as Air India sale where GOI took on 6 billion. $ of debt into separate compnay

Second Part is BID money. GOP allowed 125 Billion of Bid money to re invest in PIA. That's also taking on remaining Liability that PIA had. Its like recycling the debt using your sale proceeds. This is the part where Air India and PIA sale differs. Values are different because of scale of Airlines. Core issue Is method here. Tata group can't re invest that money to keep Air India afloat. they have to take on that liability is their books

 

[Wasim Ghulam]

The debt was always going to bared by the govt. This was accepted by every party whenever privatization of pia was discussed. Issue was, no party was willing to do this as it was bad pr.

You seem to fail to understand that the point what was the goal behind selling pia. It was never to make a profit for the govt.

The goal was to sell it to make sure it keeps running by some other party, as PIA is the only airline in pakistan that has landing routes of europe, toronto and usa.

Now for that they made a condition that whoever was to purchase it will reinvest the money. The only way pia was to survive was if it was to cashflow in it.

Selling PIA, but without a cashflow basically meant the govt would get 100b, but pia would had ended forever, as it assets would had been sold off at scrap and that was it.

Goal was pias survivability.

It was an open bidding. The fact that 100b is being reinvested is a good thing and will help it survive.

When you sell a company ,its responsibility of buyer to keep it alive or seller?

 

[Kianig89]

Long story cut short, PIA sold for Rs. 10B , the same bid was made by a real estate tycoon a Yr before but probably he didn't had the right connection

 

[Wasim Ghulam]

Because the goal was to keep pia running, and not end it.

If 125b went to govt, you lot would had cried oh look govt is eating money, now that is being reinvested to help run the company with its depleted cashflows, you stillfind a way to cry.

so in future when PIA stays afloat with Govt money , and 75 % stake gone to private business , who benefits? Seth sahib or People of Pakistan?

 

[Major]

When you sell a company ,its responsibility of buyer to keep it alive or seller?

Context matters.

Govt is not selling a house.

Govt is selling a business that has landing routes to USA, Canada and Europe. Now adays, no airline can get landing routes to those three places, which is why they often have to rely on other airlines to connect to the destination.

Pia is the only airline in Pakistan that can fly directly and not have to land in mid airports and pay the parking fees.

You still fail to understand the goal behind privatization here. The goal was to make a deal that helped PIA continue its operations and not fall dead and have these landing licenses go to waste.

 

[Major]

Long story cut short, PIA sold for Rs. 10B , the same bid was made by a real estate tycoon a Yr before but probably he didn't had the right connection

Nope. As usually you being a foreign pakistani, have no idea about ground realities.

PIA was sold for 135B plus...

Blueworld city is a scam company. They dont hold that much capital, they basically sold off land they never owned and generated capital from that and were planning to buy pia from that money.

 

[Wasim Ghulam]

Because the goal was to keep pia running, and not end it.

If 125b went to govt, you lot would had cried oh look govt is eating money, now that is being reinvested to help run the company with its depleted cashflows, you stillfind a way to cry.

so people of Pakistan have effectively funded Arif Habib's project to keep airline afloat and they own 75 % of it with eye on rest of 25 too.

You said PIA is only airline with Premium routes, we can't kill it. That's exactly the point. Those routes have value , and any private investor need to pay for those routes so in future he will make money

if any investor was nt willing to, that's failure of Govt

 

[Major]

so in future when PIA stays afloat with Govt money , and 75 % stake gone to private business , who benefits? Seth sahib or People of Pakistan?

Who is seth sahib? Arif habibs company, fatima fertilizer, and AKD are public limited companies that are listed on the stock market.

You need to get your info right

 

[Wasim Ghulam]

Context matters.

Govt is not selling a house.

Govt is selling a business that has landing routes to USA, Canada and Europe. Now adays, no airline can get landing routes to those three places, which is why they often have to rely on other airlines to connect to the destination.

Pia is the only airline in Pakistan that can fly directly and not have to land in mid airports and pay the parking fees.

You still fail to understand the goal behind privatization here. The goal was to make a deal that helped PIA continue its operations and not fall dead and have these landing licenses go to waste.

exactly. those unbeatable routes have value and people of Pakistan got nothing for it

Arif Habib takes on zero liability and they can raise 125 Billion with different investors because prospects are bright for those operational routes

 

[Wasim Ghulam]

Who is seth sahib? Arif habibs company, fatima fertilizer, and AKD are public limited companies that are listed on the stock market.

You need to get your info right

Public limited means traded at stock exchange, not property of GOP as in Public entity

 

[Major]

so people of Pakistan have effectively funded Arif Habib's project to keep airline afloat and they own 75 % of it with eye on rest of 25 too.

You said PIA is only airline with Premium routes, we can't kill it. That's exactly the point. Those routes have value , and any private investor need to pay for those routes so in future he will make money

if any investor was nt willing to, that's failure of Govt

People of pakistan were paying double. First by taxes, than through the gurantew obligations that the govt used to raise to help with cashflow of pia operations.

The guranttees that were raised added more to our inflation and that also had to be repaid.

Now with no more gurantees to be issued, only a debt liability has to be paid.

No investor was gonna by the debt with only 6 planes when more than 12 have leases on them.

By taking on the debt, there would had been no cashflow left to operate the airline.

 

[emranabbas]

Who told you I'm UK resident? lol

now knowing what PIA owns does nt make my arguments hollow. Every common person has about same information that I have about PIA's worth.

Im not opposed to privatizing PIA and off loading debt ridden entity. But you can't Just fire sale it away and say oh we have off loaded the liabilities and made sure PIA stays float by allowing the investor to re invest Bid money to clear short term liabilities

So Govt has taken on 80% of legacy debt. That part is same as Air India sale where GOI took on 6 billion. $ of debt into separate compnay

Second Part is BID money. GOP allowed 125 Billion of Bid money to re invest in PIA. That's also taking on remaining Liability that PIA had. Its like recycling the debt using your sale proceeds. This is the part where Air India and PIA sale differs. Values are different because of scale of Airlines. Core issue Is method here. Tata group can't re invest that money to keep Air India afloat. they have to take on that liability is their books

You keep saying asset details don’t matter, but they absolutely do. You can’t call a deal a “fire sale” or claim undervaluation while admitting you don’t know exactly what PIA owns, what’s leased, and what’s non-operational. Valuation without asset clarity is opinion, not analysis.

And calling this “recycling debt” shows a misunderstanding of how balance sheets work. If the government had taken the full Rs 135 billion as cash, PIA would still be operationally bankrupt. No one would pay Rs 135 billion and then invest another Rs 100 billion just to make the airline function.

 

[Major]

Public limited means traded at stock exchange, not property of GOP as in Public entity

You said seth sahib. Seth culture doesnt apply to public limited companiea

 

[Wasim Ghulam]

People of pakistan were paying double. First by taxes, than through the gurantew obligations that the govt used to raise to help with cashflow of pia operations.

The guranttees that were raised added more to our inflation and that also had to be repaid.

Now with no more gurantees to be issued, only a debt liability has to be paid.

No investor was gonna by the debt with only 6 planes when more than 12 have leases on them.

By taking on the debt, there would had been no cashflow left to operate the airline.

they did n take on any debt

after everything is done

They have operational airline with premium routes which no body else can get , no liability to take on , just use Govt money to clear short term liabilities and enjoy the best part.

Arif Habib or any other publicly traded company does nt benefit People of Pakistan

This is a fire sale

We are getting rid of future losses but these private companies get to enjoy the pie left with just 10 billion cash of own money

 

[Wasim Ghulam]

You said seth sahib. Seth culture doesnt apply to public limited companiea

Seth sahib is metaphor. meaning private investors benefit

 

[Wasim Ghulam]

You keep saying asset details don’t matter, but they absolutely do. You can’t call a deal a “fire sale” or claim undervaluation while admitting you don’t know exactly what PIA owns, what’s leased, and what’s non-operational. Valuation without asset clarity is opinion, not analysis.

And calling this “recycling debt” shows a misunderstanding of how balance sheets work. If the government had taken the full Rs 135 billion as cash, PIA would still be operationally bankrupt. No one would pay Rs 135 billion and then invest another Rs 100 billion just to make the airline function.

well not nobody

Tata group did tha

they took 2.1 Billion $ of liability on their books and further investments to keep air India afloat

 

[emranabbas]

When you sell a company ,its responsibility of buyer to keep it alive or seller?

So what you wanted was the government should have tried to sell PIA at an unrealistically high price, ensuring no serious buyer comes forward, leaving the state stuck with a loss-making airline and sinking further into debt.

Instead, the government chose a price that actually attracted a buyer one willing to reinvest the money back in, revive operations, and take on the commercial risk.

In return, the government exits ongoing losses, retains a 25% stake, and benefits if the airline becomes profitable again, while the buyer invests in the fleet and operations.

25% profit is better than a 100% loss even a 5 year old knows that.

 

[emranabbas]

Context matters.

Govt is not selling a house.

Govt is selling a business that has landing routes to USA, Canada and Europe. Now adays, no airline can get landing routes to those three places, which is why they often have to rely on other airlines to connect to the destination.

Pia is the only airline in Pakistan that can fly directly and not have to land in mid airports and pay the parking fees.

You still fail to understand the goal behind privatization here. The goal was to make a deal that helped PIA continue its operations and not fall dead and have these landing licenses go to waste.

@Wasim Ghulam sometimes think its a house being sold and sometimes think a car is being sold he's not realising its shares of the company that are sold

 

[Wasim Ghulam]

So what you wanted was the government should have tried to sell PIA at an unrealistically high price, ensuring no serious buyer comes forward, leaving the state stuck with a loss-making airline and sinking further into debt.

Instead, the government chose a price that actually attracted a buyer one willing to reinvest the money back in, revive operations, and take on the commercial risk.

In return, the government exits ongoing losses, retains a 25% stake, and benefits if the airline becomes profitable again, while the buyer invests in the fleet and operations.

25% profit is better than a 100% loss even a 5 year old knows that.

Govt took on legacy Debt

Govt funded Remaining short term debt with its own Bid money

Airline keeps afloat

What did investor pay out of pocket? 10 Billion Rs

What did investor get in return?

Afloat airline with profit prospects risen because of zero liability

who has majority stake of 75 % ? of course Private investor

So in the end Who got the sweet end of deal ? the one who purchased an airline for 135 Billion but got 125 back by Govt because Govt loves them

 

[Wasim Ghulam]

@Wasim Ghulam sometimes think its a house being sold and sometimes think a car is being sold he's not realising its shares of the company that are sold

analogy ko samba kro. its not about house or car. its about logic

 

[Major]

exactly. those unbeatable routes have value and people of Pakistan got nothing for it

Arif Habib takes on zero liability and they can raise 125 Billion with different investors because prospects are bright for those operational routes

So what you wanted was the government should have tried to sell PIA at an unrealistically high price, ensuring no serious buyer comes forward, leaving the state stuck with a loss-making airline and sinking further into debt.

Instead, the government chose a price that actually attracted a buyer one willing to reinvest the money back in, revive operations, and take on the commercial risk.

In return, the government exits ongoing losses, retains a 25% stake, and benefits if the airline becomes profitable again, while the buyer invests in the fleet and operations.

25% profit is better than a 100% loss even a 5 year old knows that.

Exactly. I forgot about the 25% that the govt has kept

 

[emranabbas]

Govt took on legacy Debt

Govt funded Remaining short term debt with its own Bid money

Airline keeps afloat

What did investor pay out of pocket? 10 Billion Rs

What did investor get in return?

Afloat airline with profit prospects risen because of zero liability

who has majority stake of 75 % ? of course Private investor

So in the end Who got the sweet end of deal ? the one who purchased an airline for 135 Billion but got 125 back by Govt because Govt loves them

I’m done with you. You’ve embarrassed yourself and shown you have no idea what you’re talking about. At this point you’re just desperately clutching at straws to save face.

 

[Wasim Ghulam]

Exactly. I forgot about the 25% that the govt has kept

which Fauji Fertiliser will buy soon as this news is also circulating that remaining 25 is up for grabs in 90 days

 

[Wasim Ghulam]

I’m done with you. You’ve embarrassed yourself and shown you have no idea what you’re talking about. At this point you’re just desperately clutching at straws to save face.

oh @emranabbas by his own words has embarrassed me hahahahah oh nooo so bad for me

 

[Major]

which Fauji Fertiliser will buy soon as this news is also circulating that remaining 25 is up for grabs in 90 days

News doenst matter.

If the govt puts the 25% up for sale, it will be again done through bidding in which anyone can take part.

You are making a claim as if fouji fertilizer are only being considered and no one else is.

 

[Wasim Ghulam]

News doenst matter.

If the govt puts the 25% up for sale, it will be again done through bidding in which anyone can take part.

You are making a claim as if fouji fertilizer are only being considered and no one else is.

no it will not be done through bidding. Bidding is done. remaining 25 % is valued already because 75 % is 135 Billion. you can figure that out can't you?

and Did nt Fauji group jumped In consortium after bidding because we were told they were nt part of it before bidding happened

 

[emranabbas]

Exactly. I forgot about the 25% that the govt has kept

At the moment, PIA isn’t making any money in fact, it’s losing money and sinking deeper into debt.

Going forward, if the airline is turned around and averages Rs 8 billion a month, with the government retaining a 25% share, that’s Rs 2 billion per month going to the state. Over five years, that adds up to around Rs 120 billion. From a long-term perspective, that makes the strategy well planned and financially sensible.

 

[emranabbas]

News doenst matter.

If the govt puts the 25% up for sale, it will be again done through bidding in which anyone can take part.

You are making a claim as if fouji fertilizer are only being considered and no one else is.

Don't think government will sell the 25% thats just propaganda by PTI

 

[Wasim Ghulam]

Don't think government will sell the 25% thats just propaganda by PTI

again everything is not PTI propoganda

Arif Habib himself said on ary live call. go listen to it

 

[KingKhanWC]

Do you even know who Ghulam Sarwar Khan is or what his statements cost Pakistan International Airlines?

After his comments in 2020, PIA was banned from flying to Europe, which was one of its most profitable markets. The airline 6 billion rupees every month, you do the maths and tell me how much in total was lost.

If there were real problems, they should have been fixed through reforms, not announced publicly for political point-scoring.

Anyone saying PIA didn’t suffer huge losses after the ban is simply a blind PTI cult follower

Embarrassing lol

The European Union Aviation Safety Agency (EASA) doesn’t ban airlines because of what anyone says ? This isn’t your Mickey Mouse general or crooks as leaders but a very professional body which has guidance to follow before any suspension or ban ?

 

[Bewal Express]

If there were genuine, serious problems, PTI had one clear responsibility: fix them through proper reforms. That’s what governments are elected to do. Instead, they chose the lazy and reckless option announcing issues publicly for political point-scoring, airing internal failures on the world stage, and trying to look “honest” while doing real damage.

By shouting incompetence instead of correcting it, they didn’t reform anything they handed Europe a ready-made excuse to ban PIA. That ban didn’t punish politicians; it punished the airline, its workers, and the country’s economy through lost routes, lost revenue, and long-term reputational damage.

A responsible government fixes problems quietly, strengthens systems, and protects national institutions. PTI did the opposite: they talked, postured, and chased headlines, then acted surprised when the consequences landed. This wasn’t transparency it was irresponsibility dressed up as virtue, and the country paid the price for it.

So IK in 3.5 years had to solve the problems that had been created through mass looting by the people in today and before him. I get your angst when you post without any logic or brain cells.
I sent @Major back with tail between his legs. The Pilots issue was real and the Safety record of the PIA was poor. They were linked.
The problems were massive and one of the problems was the PIA was a huge overstaffing . The question is who created these problems? Can explain which of the 3 branches of the mafia created these problems? Was it the Generals? The Nooras or the PPP? Bar the 3.5 years of IK, they have been in power for pretty much the rest. Who should we blame for the destruction of every other institution? The PIA, PK Railways, The Police, The Customs, The Judiciary and the list goes on. And as we saw, its not been privatised its been looted by the Generals
The forum is yours

 

[Wasim Ghulam]

At the moment, PIA isn’t making any money in fact, it’s losing money and sinking deeper into debt.

Going forward, if the airline is turned around and averages Rs 8 billion a month, with the government retaining a 25% share, that’s Rs 2 billion per month going to the state. Over five years, that adds up to around Rs 120 billion. From a long-term perspective, that makes the strategy well planned and financially sensible.

what's the 75 % of 8 Billion a month after turn around? and if I had to pay only 10 Billion upfront inv for it. great deal for Arif Habib consortium

 

[emranabbas]

again everything is not PTI propoganda

Arif Habib himself said on ary live call. go listen to it

Yes I have listened to him he is taking about fauji fertiliser buying from his 75% share not the remaining 25% so yes its a pti propaganda

 

[Major]

no it will not be done through bidding. Bidding is done. remaining 25 % is valued already because 75 % is 135 Billion. you can figure that out can't you?

and Did nt Fauji group jumped In consortium after bidding because we were told they were nt part of it before bidding happened

I just read on this, so its basically the winning bidder having the first right to buy the remaining 25% directly. Which in this case would be Arif Habib group.

And yes Fouji fertilizers was not part of the original group as far as i know.

But i assume, the privatization committee allows entrants into the consortium before the deal is closed.

If the legal side of things allow it. No issue.

But personally i hope fouji fertilizers dont get into this. Because if they get this ownership and start getting their own armed forces involved than the PIA mess would be back to square 1

 

[emranabbas]

what's the 75 % of 8 Billion a month after turn around? and if I had to pay only 10 Billion upfront inv for it. great deal for Arif Habib consortium

Yes, it is and as I said, even a five-year-old understands that 25% profit is better than a 100% loss. Unfortunately, that seems to be something you still haven’t managed to understand.

So what you’re actually suggesting is that the government should keep coughing up money from its own pocket every single month, instead of taking a 25% profit? That makes absolutely no sense.

 

[Wasim Ghulam]

Yes I have listened to him he is taking about fauji fertiliser buying from his 75% share not the remaining 25% so yes its a pti propaganda

Check that Top headline in attachment by ARY news . PTI is not running that headline, now dnt tell me Ary does what PTI says