PIA New Management Offers Airlines Prime Properties For Sale

ISLAMABAD: The new management of Pakistan International Airlines (PIA) has announced plans for the sale of five prime properties belonging to the recently privatized airlines located in the country’s major cities.

The properties are buildings that serve as PIA’s sales offices in Islamabad, Rawalpindi, Peshawar and Quetta. The management has also initiated the process for the sale of an open plot in G-7 sector of Islamabad.

The process has started with the issuing of tender for the hiring of property valuators in Peshawar, Quetta, Islamabad and Rawalpindi so that the real values of these properties could be ascertained at the latest market rate.

“PIA intends to hire the services of reputable valuators who are approved with State Bank of Pakistan, National Bank of Pakistan or PBA for the assessment of market value for PIA own following Five Nos.

properties located in Pakistan” reads the copy of the tender issued by the new management of the airlines.

The real estate companies have been asked to submit quotations for the tender, which will be subjected to open competition, “The interested parties will be given the detail of PIA properties and will be asked for assessment…………The lowest bidder will be asked to give estimated market values of the properties with pictures of the property………… The separate market values for each of the properties will be obtained” reads the copy of the tender.

Pakistan International Airlines (PIA) was privatized in December 2025. A consortium led by the Arif Habib Group won a 75% stake in the airline for Rs 135 billion ($482 million) through a televised auction.

The new management of the airlines took charge of their new responsibilities last week, following which they issued this tender for the sale of the property.

The government has handed over the ownership and management of all the properties of PIA to the news management. However, ownership of some of the prime properties belonging to PIA, which are located outside Pakistan, have been retained by the government. This includes Roosevelt Hotel in New York,  which remains under government ownership and is being handled as a separate privatization project. Secondly, the Scribe Hotel in Paris has been retained by the government and has been kept out of the privatization deal.

PIA’s new management has ownership rights for managing the fleet of 34 aircraft  out of which 18 are currently airworthy. The new management has also received International Assets including properties in locations such as Amsterdam, New Delhi, and Mumbai. The new management has received the valuable traffic rights for 97 countries and over 170 landing slots including highly prized spots at London Heathrow.

Some of the properties that have been offered for sale by the PIA management are prime real estate properties. For instance, PIA’s sales office in Islamabad is located in the most expensive district of the Federal capital–that is the Blue Area.

The PMLN government seems to be in self congratulatory mode after the privatization of Pakistan International Airlines– which was a government owned national flagship air carrier and was largely considered a white elephant by the economists and financial experts within the country