Fauji Fertilizer

Military-linked Fauji Fertilizer to bid for stake in Pakistan’s PIA

Islamabad is trying to offload 51-100 percent stakes in PIA under $7 billion IMF program to overhaul state-owned firms
2024 auction drew only one offer of $36 million, far below government’s $305-million floor price, and was rejected

By Hasaan Ali Khan · 16 June 2025