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Formal transfer of management control of PIA to new owner completed

ISLAMABAD (Kashmir English): The Privatisation Commission of Pakistan on Monday announced the formal transfer of management control of Pakistan International Airlines Corporation Limited (PIACL) to the Arif Habib Corporation-led consortium, completing the first financial closing of the PIA’s privatisation. “This milestone demonstrates Pakistan & Privatisation Commissions’ commitment to structure complex transactions through a transparent, fair

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