Privatisation Commission board recommends Fauji Fertiliser’s inclusion in consortium that won PIA auction

Privatisation Commission board recommends Fauji Fertiliser’s inclusion in consortium that won PIA auction

ISLAMABAD: The Privatisation Commission board on Tuesday recommended the inclusion of the Faiji Fertiliser Company (FCC) in the Arif Habib-led consortium that won the auction for Pakistan International Airlines (PIA). Last December, the consortium had successfully bid Rs135 billion for a 75 per cent stake in the national flag carrier. The FFC was initially among the bidders but had withdrawn from the process ahead of the auction. It had later joined the winning consortium on December 25. It s...

By [email protected] (Amin Ahmed)