Announcement • Jul 01
PIA Holding Company Limited Announces Company Secretary Changes, Effective June 30, 2026 PIA Holding Company Limited informed that Mr. Adil Jamal has been appointed as Acting Company Secretary with effect from June 30, 2026 in place of Rao Muhammad Imran. Announcement • Jan 03
PIA Holding Company Limited Announces Resignation of Javed Kureishi as Director, Effective January 01, 2026 PIA Holding Company Limited informed that Mr. Javed Kureishi has resigned from his position as Director of the Company, effective January 01, 2026. Announcement • Feb 11
PIA Holding Company Limited Announces Change in Board of Directors PIA Holding Company Limited has announced a significant change in its board of directors following the transfer of Mr. Ahsan Ali Mangi, who served as the Ex-Secretary of the Aviation Division. As of February 7, 2025, Mr. Mangi is no longer serving as a director of the company. This change comes as part of a broader reshuffling effectuated by the Government of Pakistan, which has necessitated Mr. Mangi's departure from the board. The departure of Mr. Mangi marks a new chapter for the company as it seeks to appoint a successor who will contribute to its ongoing growth and success. Announcement • Jan 31
PIA Holding Company Limited, Annual General Meeting, Feb 22, 2025 PIA Holding Company Limited, Annual General Meeting, Feb 22, 2025. Location: at pearl continental hotel, rawalpindi Pakistan Announcement • Jan 17
PIA Holding Company Limited Appoints AVM Muhammad Amir Hayat as the Acting Chief Executive Officer PIA Holding Company Limited announced the appointment of AVM Muhammad Amir Hayat as the Acting Chief Executive Officer, effective from January 13, 2025. He replaces Mr. Khurram Mushtaq in this key position. The company has requested that the TRE Certificate Holders of the Exchange be informed of this significant leadership change. The appointment of AVM Muhammad Amir Hayat marks a strategic move aimed at steering the company towards achieving its operational and financial goals. PIA Holding Company Limited, a significant player in the aviation sector, is expected to benefit from AVM Hayat's extensive experience and leadership skills. His tenure is anticipated to bring fresh perspectives and renewed focus on enhancing the company's market performance and service delivery. The aviation market segment has been witnessing dynamic changes, and the appointment of AVM Hayat is seen as a proactive step to navigate these industry evolutions effectively. AVM Muhammad Amir Hayat's previous roles and accomplishments have positioned him as a leader capable of driving transformation and innovation within the organization. His leadership is expected to play a pivotal role in aligning the company's strategic initiatives with the emerging trends in the aviation market. Announcement • Nov 11
Al-Nihang Group proposed to acquire PIA Holding Company Limited (KASE:PIAHCLA) for PKR 100 billion. Al-Nihang Group proposed to acquire PIA Holding Company Limited (KASE:PIAHCLA) for PKR 100 billion on November 3, 2024. A cash consideration of PKR 100 million will be paid by Al-Nihang Group. As part of consideration, PKR 100 million is paid towards common equity of PIA Holding Company Limited and PKR 250 billion towards debt. The transaction is subject to approval by regulatory board / committee. Announcement • Nov 09
Overseas Pakistani Group Al Nihang Reportedly Offers to Acquire Pakistan International Airlines Al-Nihang, an overseas Pakistani group has offered to acquire PIA Holding Company Limited (KASE:PIAA) for the cost of PKR 100 billion amid a set of terms and conditions, Ary News reported. The bid for privatisation by Al-Nihaang comes days after both the Khyber Pakhtunkhwa and Pakistan's Punjab state governments had offered to acquire the airlines. According to Ary News, the group wrote an offer letter to Pakistan's Ministers of Privatisation, Aviation and Defence amongst other authorities and outlined its proposal to acquire complete ownership of the PIA. The key points of Al-Nihang's offer are described below. As per Ary News, Al-Nihang Group said that it will acquire the full shareholding of PIA in accordance with the terms outlined in the tender proposal, assuming comprehensive ownership. Al Nihang has also offered to pay off PIA's PKR 250 billion debt. The Express Tribune had previously reported that PIA has been under a massive debt burden of approximately USD 2.9 billion. Despite multiple bailout packages being provided to it by the government in recent years, PIA is struggling to stay afloat. Al Nihang's offer amid this background comes as a breather to the airlines. The group has also said that there will be no employee layoffs and instead offered a 100% increase in salaries over 30 months. As per Ary News, the Business Plan the introduction of modern aircraft to PIA's fleet and the group has proposed establishing PIA as an engineering and maintenance hub for other airlines. These developments came days after the Khyber Pakhtunkhwa government expressed interest in participating in the PIA privatization bidding. According to details, the KP Investment Board wrote to Federal Minister for Privatization Abdul Aleem Khan, expressing its intention to submit a bid. Earlier, Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif said that Punjab Chief Minister Maryam Nawaz advised him to buy Pakistan International Airlines (PIA) and rebrand it 'Air Punjab.'According to Ary News, in a statement, Nawaz Sharif said, "Maryam sought advice from me, asking if we should take over the PIA and make it a brand new airline."Meanwhile, the final bidding process for the PIA privatization saw just one bid of PKR 10 billion ($36 million) for a 60% stake in the national flag carrier. According to sources, the Pakistan government had pre-qualified six groups in June, but only real-estate development company Blue World City participated in the bidding process, placing a bid that was below the government-set minimum price of PKR 85 billion. The government is aiming to privatize the airlines with six bidders pre-qualified for the sale. This privatisation effort is in line with the recommendations given by the International Monetary Fund (IMF) to the Government of Pakistan to sell off all loss-making state-owned enterprises so as to stabilise the economy. The recent accidents make it tough for the company to gain trust during a time when it is causing heavy burdens to the national exchequer. Announcement • Sep 12
PIA Holding Company Announces Withdrawal of Director Nominee Ayesha Khan PIA Holding Company Limited announced that Dr. Ayesha Khan has formally declined to join the Board of Directors. According to information available from the Pakistan Stock Exchange (PSX), the announcement, made on August 13, 2024, cites her existing work commitments as the reason for her inability to take on the role. This development will be communicated to the TRE Certificate Holders of the Exchange, as part of the regulatory requirements and corporate governance transparency. The Board of PIAHCL is expected to consider alternative candidates to fill the vacancy left by Dr. Khan's withdrawal. This change in board composition comes at a time when corporate boards across the region are experiencing shifts in leadership dynamics, reflecting broader economic and professional trends. Announcement • Jul 27
PIA Holding Company Limited Appoints Ahsan Ali Mangi as Director on Its Board PIA Holding Company Limited has officially appointed Mr. Ahsan Ali Mangi, Secretary of the Aviation Division as a director on its board, effective July 24, 2024. This strategic move aims to enhance governance and oversight within the airline's operational framework. Mr. Mangi's appointment was confirmed through a formal communication intended for the certificate holders of the exchange, emphasizing the importance of transparency and stakeholder engagement in the company's administrative processes. Announcement • Jul 24
Pia Holding Company Announces Resignation of Mr. Saif Anjum as Director PIA Holding Company Limited announced that Mr. Saif Anjum, previously serving as Secretary of the Aviation Division, has stepped down from his position as Director of the company, following his transfer by the Government of Pakistan. According to information available from the Pakistan Stock Exchange (PSX), this change underscores the ongoing adjustments within major public enterprises in the country. Effective from July 20, 2024. 
