AKD Group’s inclusion ‘further strengthens consortium’ in PIA privatisation, says AHL

AKD Group has joined the Arif Habib Corporation Limited (AHCL)-led consortium participating in the privatisation of Pakistan International Airlines Corporation Limited (PIACL). Arif Habib Limited disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. “We are pleased to inform you that AKD Group, through its company AKD Group Holdings (Private) Limited, has joined the AHCL-led consortium participating in the privatisation of Pakistan International Airlines Corporation Limited (PIACL),” read the notice. The announcement comes after the Privatisation Commission Board approved on Friday the inclusion of AKD Group Holdings (Pvt.) Ltd in the Arif Habib Corporation Limited (AHCL) led consortium. “This inclusion is permissible under the conditions stipulated in the Statement of Qualifications (SOQs),” the Privatisation Commission (PC) said in a statement released after the board’s 242nd meeting.