Investment firm Arif Habib consortium places highest bid for Pakistan flag carrier PIA

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A consortium led by investment firm Arif Habib Corp. PSX:AHCL placed the highest bid for the privatization of Pakistan's national carrier Pakistan International Airlines on Tuesday, bidding 115 billion rupees($411 million), state television showed. The consortium also consists of fertiliser maker Fatima Fertiliser Company PSX:FATIMA, private school network City Schools, and real estate firm Lake City Holdings Limited.($1 = 280.0000 Pakistani rupees)

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