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Did the buyer receive PIA for Rs10 billion?
No. Rs10 billion was the government’s initial cash share from the Rs135 billion bid for 75 percent. Approximately Rs125 billion was committed as fresh equity, while the remaining 25 percent was later acquired for Rs45 billion.
Does Fauji Fertilizer’s participation mean the military owns PIA?
Fauji Fertilizer reportedly holds 34 percent of the buyer consortium. That is a major position but not majority ownership. Claims about effective control require shareholder and governance documents, not photographs or slogans.
Is the 15-year sales-tax exemption a public subsidy?
Yes, in the economic sense that it represents foregone revenue, but it is separate from the Rs30 billion interest bill. Its actual fiscal cost must be published instead of guessed.
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