Fauji Fertilizer Company Limited (FFC) has taken a significant step toward diversifying its investment portfolio by expressing interest in acquiring stakes in Pakistan International Airlines Corporation Limited (PIACL), the national flag carrier.

The development was disclosed in a statement to the Pakistan Stock Exchange (PSX) following FFC’s 234th Board of Directors meeting held on June 13, 2025. During the meeting, the board approved the submission of an Expression of Interest (EOI) and prequalification documents to the Privatization Commission, aligning with the government’s ongoing privatization efforts.

FFC also announced plans to undertake a thorough due diligence process to evaluate the feasibility and strategic benefits of investing in PIACL.