Pakistan’s competition regulator has cleared a foreign investment deal in the aviation services sector after approving the acquisition of shares in Northern Technik (Private) Limited by UAE-based International Business Company FZE.

In a statement, the Competition Commission of Pakistan (CCP) said the transaction was reviewed under Phase I of the Competition Act, 2010. Following its assessment, the regulator concluded that the acquisition does not pose any risk to market competition or create monopolistic concerns.

International Business Company FZE, the acquiring firm, is headquartered in the United Arab Emirates and is engaged in general trading, import and export operations, as well as business, marketing, and management consultancy services.

Northern Technik (Private) Limited operates in Pakistan as an aircraft maintenance services provider, offering line maintenance support to commercial airlines operating across the country.

The CCP identified the relevant market as aircraft line maintenance services in Pakistan, noting that the sector includes several competing service providers, ranging from airline-operated maintenance units to independent aviation service companies.

According to the commission, there is no direct business overlap between the acquiring company and Northern Technik, meaning the transaction is unlikely to alter market competition or lead to market dominance.