Pakistan successfully privatized its flagship carrier Pakistan International Airlines (PIA) on Tuesday, selling it for Rs 135 billion to a consortium led by Arif Habib after competitive bidding in Islamabad. Three pre-qualified bidders—Arif Habib (Rs 115B initial), Lucky Cement (Rs 105.5B) and Airblue (Rs 26.5B)—participated, with open auction pushing final price above Rs 100B reference. This mirr
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