Govt hands over PIA control to new owner following successful first financial closing
The Privatisation Commission (PC) of Pakistan on Monday achieved the first closing of the divestment of Pakistan International Airlines Corporation Limited (PIACL) through privatisation, transferring management control of the airline to the investor consortium led by Arif Habib Corporation Limited, following satisfaction of all conditions precedent under the Share Purchase and Subscription Agreement (SPSA).
- Published in National News