KARACHI, Dec 23 (Reuters) – A consortium led by investment firm Arif Habib Corp (ARIF.PSX), opens new tab submitted the highest bid for the privatisation of Pakistan’s national carrier Pakistan International Airlines in an auction held after initial bids were opened, state television showed on Tuesday.
The consortium submitted a bid of 135 billion rupees ($482.32 million), well above the government’s initial minimum price of 100 billion rupees and the base price of 115 billion rupees, at which the auction began.
