The privatisation of Pakistan International Airlines Corporation Limited is expected to generate more jobs rather than reduce employment, according to investor Arif Habib. He stated that the new ownership plans to expand the airline’s operations, which would naturally require additional staff. This reassurance comes amid growing concerns and protests by PIA employees worried about job security following the privatisation deal.
Arif Habib heads the investment firm that led the consortium acquiring a controlling stake in the national carrier. The group secured the airline with a winning bid of Rs135 billion after a competitive auction process. The transaction marked Pakistan’s first major privatisation in nearly two decades, making it a significant economic milestone.
Addressing Employees’ Concerns
Speaking on a televised discussion, Habib addressed fears surrounding layoffs and downsizing. He stated that the current workforce size is reasonable and suitable for expansion plans. He added that growth, not contraction, remains the core objective of the new owners. Therefore, more employment opportunities are likely to emerge as the airline scales up operations.
However, Habib stressed that performance and quality would be critical going forward. He emphasized that professional competence would be prioritised to ensure long-term sustainability. According to him, most existing employees possess strong skills and experience, which remain valuable assets for the airline.
Restoring PIA’s Past Reputation
Habib highlighted PIA’s historical standing as one of the world’s leading airlines. He recalled that the same workforce once helped PIA achieve global recognition as the second-best airline internationally. He also noted that PIA professionals played key roles in establishing other successful carriers.
These included Emirates, Singapore Airlines, and Malta’s aviation sector. According to Habib, this legacy proves that Pakistani professionals can successfully operate a world-class airline when provided proper support. He expressed optimism that PIA’s workforce could help restore the airline’s lost stature.
Employee Retention Conditions
Following the privatisation, the government clarified employment safeguards tied to the transaction. Under the agreement, the buyer must retain all existing employees for at least twelve months. During this period, contracts and employment terms cannot be altered. This condition aims to ensure stability during the transition phase.
Such assurances have somewhat eased concerns, although employee unions continue to closely monitor developments. Meanwhile, the new owners maintain that transparency and dialogue will remain central to the process.
Consortium Composition and Strategic Support
Habib also confirmed that Fauji Foundation Company has joined the consortium as a shareholder after the auction. Although Fauji Fertiliser initially exited the bidding process, it later became part of the investor group. Discussions on partnership terms are ongoing.
He further revealed that meetings were held with senior military leadership before privatisation. During these interactions, emphasis was placed on encouraging local investment and national ownership of the airline. According to Habib, these discussions reinforced confidence in the privatisation process.
Outlook for PIA
Overall, the new ownership projects a vision of growth, professionalism, and revival. While challenges remain, the leadership insists that expansion will drive employment rather than job losses. The coming months will determine whether these commitments translate into tangible improvements for Pakistan’s national carrier.
