Historic Rs. 1 Trillion Offer by Overseas Pakistanis to Rescue and Revitalize PIA! Al-Nahang Group, a consortium led by overseas Pakistanis, has made a substantial offer of Rs 1 trillion to acquire Pakistan International Airlines (PIA) in a bid to support the airline’s privatization. This offer includes a commitment to clear PIA’s debt of Rs 250 billion, providing critical financial support to the struggling national carrier.
In addition to taking on PIA’s debt, Al-Nahang has assured that there will be no layoffs for PIA employees. and As a further benefit, the group has pledged to double employees’ salaries over the next two and a half years, aiming to improve morale and boost engagement.
Beyond financial commitments, Al-Nahang plans to modernize and expand PIA’s fleet, positioning the airline to compete more effectively in the global market. The proposal also aims to establish PIA as a regional engineering and maintenance hub for other airlines, potentially transforming it into a valuable center in the region.
Historic Rs. 1 Trillion Offer by Overseas Pakistanis to Rescue and Revitalize PIA! This offer from Al-Nahang Group comes amid rising interest from other local and international investors in PIA, including a recent bid from the Khyber Pakhtunkhwa (KP) government. Al-Nahang’s proposal stands out due to its scale and commitment to employee welfare, likely garnering broad support.
This bid from Al-Nahang Group presents a major opportunity for PIA, potentially marking the beginning of a new era of growth and development. If approved, the deal could set PIA on a path toward becoming a more competitive and sustainable airline in the region.
