PIA to embark on strategic restructuring for enhanced market appeal

News Image

MG News | December 07, 2023 at 10:19 AM GMT+05:00

0:00

December 07, 2023 (MLN): In order to enhance its appeal to potential buyers in the aviation industry, Pakistan International Airlines (PIACL) is set to undergo restructuring, the caretaker Federal Minister for Privatization, Fawad Hasan Fawad disclosed during a meeting with a delegation from the British High Commission on Wednesday.

The Minister apprised the delegation of the need for privatization, the current scenario and the government’s strategy and priorities with regard to privatization.

The minister also shared recent developments in the privatization process of PIACL and Roosevelt Hotel.

The delegation was told that PIACL will undergo restructuring thereby improving its appeal for prospective buyers in the aviation industry.

The privatization of PIACL will bolster the aviation business in the country which will require some regulatory framework from the government.

Possibilities of cooperation with the British High Commission in developing a regulatory framework for the aviation industry and for privatization in general were also discussed.

It was agreed to further explore the options for cooperation and the capacity building of the Privatization Commission.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,597.36
256.32M
-0.05%
-68.14
ALLSHR 85,286.16
608.38M
-0.48%
-413.35
KSE30 42,340.81
77.13M
-0.03%
-12.33
KMI30 193,554.51
76.19M
-0.83%
-1627.52
KMIALLSHR 55,946.05
305.11M
-0.79%
-443.10
BKTi 38,197.97
16.53M
-0.59%
-225.01
OGTi 27,457.35
6.73M
-0.94%
-260.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,670.00 121,165.00
117,035.00
-1620.00
-1.36%
BRENT CRUDE 69.23 70.77
69.14
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.03 67.54
65.93
-0.20
-0.30%
SUGAR #11 WORLD 16.79 17.02
16.71
0.05
0.30%

Chart of the Day


Latest News
July 18, 2025 at 07:21 PM GMT+05:00

Pakistan strengthens UK trade links


July 18, 2025 at 05:36 PM GMT+05:00

Pakistan, China set to advance agricultural innovation


July 18, 2025 at 05:10 PM GMT+05:00

PSX Closing Bell: Riding High, Ending Low



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg