ISLAMABAD: The Cabinet Committee on Privatization (CCoP) on Wednesday endorsed the inclusion of Fauji Fertilizer Company Limited (FFCL) as an additional consortium member under the approved terms of the bid documents executed with the successful bidder for Pakistan International Airlines Corporation Limited (PIACL), a consortium led by Arif Habib Corporation.
Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar chaired a meeting of the CCoP to consider the summary for the inclusion of Fauji Fertilizer Company Limited as an additional Consortium Member.
The FFCL will subscribe to 33.99% ordinary shares of PIA Equity Limited, a special purpose vehicle incorporated by the Successful Bidder for the Divestment of PIACL, whereas Arif Habib Corporation Limited will remain the Lead Consortium Member as per the requirements of the Bid Documents.
The CCoP’s decision will be submitted for the ratification of the Federal Cabinet.
The meeting was attended by Ministers for Finance, Revenue, Energy, Advisor to the Prime Minister on Privatization, Minister of State for Finance, SAPM Tariq Bajwa, Secretaries of the Cabinet, Privatization, Law & Justice divisions, and other senior government officials.
Copyright Business Recorder, 2026
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