Govt moves forward with PIA privatization

MG News | March 22, 2024 at 05:24 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 22, 2024 (MLN): The government has officially initiated the privatization process of Pakistan International Airlines Corp (PSX: PIA), and has issued a gazette notification, according to sources within the Prime Minister's Office.

The notification outlines the transformation of the national airline into a government holding company.

To note, PIA has witnessed a relentless rally past its record highs.

Pakistan's loss-making airline has seen a bout of volatility in recent sessions. The stock price is up 2.37x this month, and a staggering 7.6x in the current fiscal year.

The rally has been sparked by the new government'a efforts to restructure and privatize it.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,282.34 90.44M	-0.03% -48.22
ALLSHR	102,891.86 484.40M	0.11% 115.87
KSE30	50,703.83 42.04M	-0.07% -33.32
KMI30	243,022.54 37.79M	-0.07% -180.30
KMIALLSHR	66,736.39 242.05M	0.18% 122.19
BKTi	46,287.02 13.64M	-0.06% -26.16
OGTi	35,063.58 1.27M	-0.01% -3.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	61,645.00	62,095.00 61,145.00	-525.00 -0.84%
BRENT CRUDE	91.48	93.26 90.80	0.03 0.03%
RICHARDS BAY COAL MONTHLY	123.75	0.00 0.00	0.75 0.61%
ROTTERDAM COAL MONTHLY	133.20	0.00 0.00	0.25 0.19%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	88.21	90.00 87.61	0.01 0.01%
SUGAR #11 WORLD	14.14	14.23 13.97	0.02 0.14%