Achi news desk-
In a major development in the privatization of PIA, the SECP approved PIA’s restructuring plan.
According to the privatization statement, the regulation plan for the privatization of PIA was approved The regulation plan for the privatization was approved on May 3.
The stock market also informed about PIA’s scheme of arrangement. Assets, losses and liabilities within the plan were transferred to the holding company while the Ministry of Finance and Privatization were also informed about important legal developments.
The Ministry of Privatization obtained the support of the Ministry of Finance and Aviation in the plan. The stock exchange, the central depository and the national clearing company were notified.
Rules, regulations for registration of PIA holding company can be done easily.
