AHCL-led consortium: PC Board requests CCoP to approve inclusion of FFC

ISLAMABAD: The Privatisation Commission Board has requested the Cabinet Committee on Privatisation (CCoP) to approve the inclusion of Fauji Fertilizer Company Limited (FFC) in the consortium led by Arif Habib Corporation Limited (AHCL), the successful bidder for Pakistan International Airlines Corporation Limited (PIACL).

The decision was taken in the 249th PC Board meeting held here on Tuesday under the chairmanship of Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission. In accordance with the terms of the Share Purchase and Subscription Agreement (SPSA), FFC was nominated by the AHCL-led consortium, with AHCL serving as the lead member.

The PC Board, after due review, endorsed the nomination and confirmed that FFC fulfils the applicable eligibility and regulatory requirements.

The proposed inclusion of FFC in the consortium is subject to approval by the Cabinet Committee on Privatisation (CCoP)/Federal Cabinet, as required under the applicable framework.

In a separate agenda item, the PC Board also recommended a revision in the fee structure of the Privatisation Commission, to be charged from the proceeds of privatisation transactions.

The proposal aims to enable the Commission to move towards greater financial sustainability and to support its institutional strengthening and reform initiatives.

The PC Board reaffirmed its commitment to implementing the privatization programme in a transparent, competitive, and rule-based manner to ensure optimal outcomes for the national exchequer.

Copyright Business Recorder, 2026