The agonising ordeal of offloading PIA is finally at an end, as a consortium led by business tycoon Arif Habib has secured a 75% stake for Rs135 billion, after a protracted bidding war with another interested party. After haemorrhaging billions for decades as a state-owned enterprise due to mismanagement and political interference, the national flag carrier is mercifully denationalised, in what marks the completion of the first major privatisation transaction in about two........

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