ISLAMABAD – The Privatisation Commission will hold an open bidding for 75 percent shares of Pakistan International Airlines Corporation Limited (PIACL) today on 23rd December, 2025 as the federal government aims at offloading major liability.
The sealed bids will be submitted in the morning at 10:30 am by the bidders. Reference price for PIACL’s bidding will only be approved by the Privatisation Commission Board and the Cabinet Committee on Privatisation after bids have been received.
The bids will be opened in a ceremony starting at 3:30 pm in the presence of the bidders. The bids and the reference prices will be announced and the bidding will be concluded as per agreed terms.
The event will be telecast live on TV and digital media. Adviser to the Prime Minister on Privatisation, Muhammad Ali will also hold a press conference after the conclusion of the bidding process.
The privatization of PIA is being undertaken as part of Prime Minister Muhammad Shehbaz Sharif’s economic reform agenda. Government of Pakistan is firmly committed to ensuring a credible, open and authentic privatization process in accordance with all rules & regulations.
The whole privatization process would be telecast live and streamed across all TV channels as well as respective social media handles of the GoP and Privatization Division in line with the vision of the hon. Prime Minister for transparent and trustworthy privatization activity. PIA, the national carrier, is being privatized to ensure ‘the legend returns to the glory’.
Who are the Bidders?
Earlier, the Privatisation Commission Board had prequalified four bidders but currently there are only three in the race as Fauji Fertiliser Company Ltd has quitted from the bidding process.
The remaining three bidders include:
Airblue (Pvt) Ltd
A consortium led by Lucky Cement with Hub Power Holdings, Kohat Cement and Metro Ventures
A consortium led by Arif Habib Corporation with Fatima Fertiliser, City Schools, AKD Group Holdings (Pvt) Ltd and Lake City Holdings.
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