Relating to the privatization of PIA, the most important resolution of the Safety and Change Fee of Pakistan (SECP) has come out, the airline’s restructuring scheme has been authorized by the SECP.
Based on the announcement, the scheme of association for the privatization of the airline was authorized on May 3. The inventory market has additionally been knowledgeable in regards to the scheme of association of PIA.
Within the Scheme of Association, all property, losses and liabilities of PIA Company Restricted have been transferred to PIA Holding Firm.
The Ministry of Finance and Privatization has additionally been knowledgeable in regards to the vital authorized developments within the privatization of PIA.
The assertion added that the Pakistan Inventory Change, Central Depository and Nationwide Clearing Firm have additionally been formally knowledgeable that the principles and rules for the itemizing of PIA Holding Firm within the inventory market can now be simply applied.
