Al-Nihang Group proposed to acquire PIA Holding Company Limited (KASE:PIAHCLA) for PKR 100 billion on November 3, 2024.. As part of consideration, PKR 100 billion is paid towards common equity of PIA Holding Company Limited and PKR 250 billion towards debt. The transaction is subject to approval by regulatory board / committee.
As of February 18, 2025, the government has moved the privatization of Pakistan International Airlines (PIA) to the second phase and will now focus on the sale of power distribution companies (Discos) on priority in the first phase, notwithstanding concerns over preparedness. In the first phase, the government is focusing on the privatization of power distribution companies (Discos), and in the second phase, Pakistan International Airlines (PIA) and other SOEs are to be privatized. As od March 11, 2025, The government has assured the International Monetary Fund of selling the Pakistan International Airlines by July, 2025.
