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LAHORE: A major progress has been achieved in relation to privatisation of Pakistan International Airlines (PIA), following headway in its restructuring process.
The national flag-carrier inches closer to sell off following major headway in its restructuring. According to the Ministry of Privatisation, two significant milestones have been achieved in the restructuring of the Pakistan International Airlines Corporation Limited (PIACL) in the preceding week. On April, 20 and 21 the shareholders and creditors of PIACL approved the scheme of arrangement, filed with the Securities & Exchange Commission of Pakistan (SECP), as per announcement, made by the ministry on Monday.
