Payment and equity structure (as per the transaction framework):
- Of the proceeds from the 75% stake sale, 92.5% is reinvested directly into PIA for revival (fleet expansion, operations, etc.), while only 7.5% goes to the government treasury.
- The winning bidder must commit additional investment (around Rs 80 billion over 5 years) for modernization.
- The government retains a 25% stake initially, but the buyer has an option to acquire it later (within 90-120 days or up to 1 year, potentially at a 12-15% premium, sometimes against security/collateral).
- This deferred option and high reinvestment ratio protect government interests by ensuring most funds stay in the airline rather than draining public coffers, while giving the buyer time to assess and secure full control.
- Minimum increment is going to 250 Million
The process was televised for transparency, marking a successful restart after the 2024 failure. Arif Habib was reported as the frontrunner/highest bidder post-initial round, with potential for further open bidding if multiple qualified offers exceeded the reserve.
Lucky is ready to go onwards with not only matching but going to PKR 115.5 Billion .