KARACHI: (HRNW) The Pakistan International Airlines (PIA) has apprised Pakistan Stock Exchange (PSX) regarding a restructuring plan of the incumbent federal government for the national flag carrier.
A secretary of the PIA in a letter to the PSX apprised that the government was mulling over a restructuring plan for the airline, details of which would be released after the approval of the government.
“The restructuring plan is in process in the national flag carrier for the last one year,” he said adding that they had closed down loss-making routes.
He said that the airline has launched new profit-making routes and is moving forward under the guidelines of the SAPM on Institutional Reforms Dr Ishrat Hussain.
“We are working on financial and operational targets under the plans devised by him,” the secretary said adding that the policy decisions were given a final nod by the board of directors of the PIA.
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