PIA approves transfer of Precision Engineering Complex to Pakistan Air Force entity

MG News | October 27, 2025 at 02:16 PM GMT+05:00

0:00

October 27, 2025 (MLN): PIA Holding Company Limited (PSX: PIAHCLA) have approved a transfer of the Precision Engineering Complex (PEC) to the Pakistan Air Force’s designated entity, Precision Engineering Complex (Private) Limited (PECPL).

Under the approved Scheme of Arrangement, the Precision Engineering Complex will be carved out from PIAHCLA and transferred to PECPL, along with all ancillary matters, according to a he Resolution passed by the Shareholders of PIAHCLA.

The move is subject to the approval of the Securities and Exchange Commission of Pakistan (SECP) and compliance with all applicable legal and regulatory requirements.

The resolution also authorizes the Chief Executive Officer and Company Secretary of PIAHCLA to undertake all necessary corporate, legal, and regulatory formalities to implement the decision.

This includes signing, executing, and delivering all required documents, obtaining no-objection certificates, and filing relevant submissions with the SECP and other authorities.

Copyright Mettis Link News

Related News

PIAHCL responds to reports on UK flight operations

PIA Holding cuts annual loss by nearly 82% in 2024

Name	Price/Vol	%Chg/NChg
KSE100	153,866.17 113.04M	-0.36% -555.27
ALLSHR	92,322.41 289.91M	-0.18% -165.37
KSE30	47,054.02 67.50M	-0.57% -268.71
KMI30	220,139.18 52.42M	-0.81% -1787.82
KMIALLSHR	59,630.44 114.87M	-0.43% -258.98
BKTi	44,089.65 23.49M	-0.09% -38.05
OGTi	31,668.31 6.28M	-0.15% -47.11

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,380.00	74,210.00 70,200.00	735.00 1.04%
BRENT CRUDE	102.18	103.83 97.60	1.72 1.71%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.90 -11.49%
ROTTERDAM COAL MONTHLY	122.70	123.80 122.70	-1.10 -0.89%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	97.50	99.32 92.04	1.77 1.85%
SUGAR #11 WORLD	14.41	14.53 14.30	0.03 0.21%