Business Desk 
Dec 25, 2025
In a surprise move, Pakistan International Airlines announced on Thursday the restoration of its direct flights to London starting March 2026. The development comes as Britain removed the five-year ban imposed on Pakistani airlines in July this year and allowed carriers to reapply for UK flight slots.
PIA had been given four weekly slots at Heathrow Airport that were used by Turkish Airlines to keep them active since the flights from Pakistan were suspended. The airline has formally informed Heathrow that it plans to restart operations next year.
The announcement comes along with a major development in PIA’s ownership. A consortium spearheaded by Arif Habib Corporation emerged as the topmost bidder for a 75% majority stake with a winning bid worth Rs135 billion.
In a fierce competition at a live television auction, the consortium outbids its nearest opponents, including one from Lucky Cement, among others.
Fauji Fertiliser Company Limited has joined the consortium, bringing in added financial heft and corporate expertise. The group said it would invest Rs125 billion in the first year for the modernisation of ground operations and overall services.
The consortium also intends to expand PIA’s operational fleet from 18 to 62 aircraft, signalling a major restructuring of the national carrier.
Privatisation Adviser to Prime Minister Muhammad Ali told Reuters that the new owner is expected to take charge by April 2026, subject to final approvals from the Privatisation Commission and the cabinet. Contract signing is likely within two weeks, with financial close set after a 90-day period to meet regulatory and legal conditions.
