January 24, 2020 (MLN): Pakistan International Airlines Corporation Limited (“PIAA”) has been moved from the defaulters segment to normal counter after it rectified the regulatory default of clauses of PSX Regulations.
According to notification issued by the Pakistan Stock Exchange the name of the company will be moved back to normal counter with effect from January 27, 2020.
The Stock Exchange had earlier placed PIAA in the defaulters segment from October 10, 2019 under clauses 5.11.1.(c) & (d) of PSX Regulations.
Furthermore, the company has been advised by the Exchange to abide with all the applicable Rules and Regulations and observe due in future with respect to compliance of Regulatory Requirements.
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