President approves PIA privatisation bill, clearing final legal hurdle (opens original article in a new tab)

President Asif Ali Zardari approved the Pakistan International Airlines privatisation bill, completing the final legal step for the national carrier's privatisation. The bill was passed by the Senate and National Assembly before presidential assent. A consortium led by Arif Habib Corporation acquired 75% stake in PIA for Rs135 billion, with the government retaining 25% stake.

• President Asif Ali Zardari approved the PIA privatisation bill, completing legal formalities
• The bill was passed by the Senate and National Assembly before presidential assent
• A consortium led by Arif Habib Corporation acquired 75% stake in PIA for Rs135 billion
• Government retains 25% stake in PIA, with potential future offerings to the consortium