Whose business group won the bid for the majority stake in PIA in its privatization?

Correct answer: Arif Habib. The consortium led by the Arif Habib Group won the bid for 75% of PIA in December 2025.

Background: The winning bid was Rs135 billion.

• Malik Riaz: Malik Riaz’s group did not win the bid.
• Mian Mansha: Mian Mansha’s group did not win the bid.
• Nasir Schon: Nasir Schon is not the winner of the bid.

Did you know? The Lucky Cement-led consortium was the runner-up.

Memory trick: PIA 75% = Arif Habib.