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Story summary
- On December 23, 2025, a consortium led by Arif Habib Corporation won 75% of Pakistan International Airlines (PIA) for 135 billion rupees ($482 million).
- The sale advances Pakistan's privatization efforts, following a USD 7 billion IMF bailout.
- PIA's recovery was aided by the EU lifting a five-year ban.
- PIA faces a cash shortfall of 80 billion rupees over the next two years.
- The government aims to revitalize the airline through privatization.
