Fauji Fertilizer Company (FFC) has announced that its Board of Directors approved participation in a bidding consortium led by Arif Habib Corporation Limited for the privatisation of Pakistan International Airlines Corporation Limited (PIACL). The consortium emerged as the highest-ranked bidder on December 23, 2025, marking a crucial milestone in the government’s ongoing privatisation process.

FFC Authorized to Acquire Equity Stake

According to official sources, FFC has been authorized to execute all necessary agreements and documentation to acquire an equity stake in PIA. The transaction, however, remains contingent upon regulatory approvals and the fulfillment of standard conditions precedent. Authorities emphasized that this move is part of a strategic effort to diversify FFC’s investment portfolio while supporting the restructuring of the national airline under private sector leadership.

Privatisation Seen as Key to PIA Revival

Experts say the privatisation of PIA is expected to enhance operational efficiency, strengthen financial stability, and secure the long-term sustainability of the airline. Officials noted that private sector participation will bring in modern management practices, improved service quality, and better resource allocation, benefiting both passengers and employees.

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Strategic Investment for Long-Term Growth

FFC’s involvement highlights its commitment to strategic investments beyond its core business, signaling confidence in Pakistan’s corporate and aviation sectors. Authorities added that further details regarding the transaction and equity stake will be shared once regulatory approvals are finalized.