Business
PSX seeks explanation from PIA over privatization issue
PSX asked PIA to promptly reject or confirm any rumors of the restructuring's acceleration.
![PSX seeks explanation from PIA over privatization issue](/media/81337/conversions/5efacf8f78ac3-1280x720.webp)
Islamabad: The Pakistan Stock Exchange (PSX) on Friday has written to Pakistan International Airline (PIA), expressing concerns and seeking a prompt explanation regarding the privatization problem that has impacted the price of the company's shares on the market.
Additionally, the Pakistan Stock Exchange ordered PIA to respond to two questions that clarified the report of quick progress on PIA's reorganization plan and the reasons PIA failed to update the stock exchange on the privatization process.
The national airline's shares and volume have significantly changed, according to the letter's language, as a result of the rapid spread of reorganization rumors.
The letter also stated that due to Pakistan Stock Exchange regulations, PIA was required to provide an urgent report regarding this extraordinary activity.
PSX asked PIA to promptly reject or confirm any rumors of the restructuring's acceleration.
According to the stock exchange, any sensitive information pertaining to the listed firm that could have an impact on the share price must be disclosed to all stock market participants.
The Secretary was given instructions by the Pakistan Stock Exchange to provide explanation regarding the privatization of PIA.
-
World 23 hours ago
Bus accident: Nine killed, 26 injured in Turkey
-
Pakistan 1 day ago
President Zardari approves Election Act Amendment Bill 2024
-
Pakistan 2 days ago
Talks with JI to resume today, says Attaullah
-
Pakistan 2 days ago
Tarar announces major development in talks with JI
-
Entertainment 15 hours ago
Ushna Shah reacts to criticism on her clothes
-
Pakistan 2 days ago
Imran Khan offers conditional apology on May 9 incidents
-
Pakistan 13 hours ago
PML-N, PPP reach agreement to replace Sindh governor
-
Sports 2 days ago
Paris Olympics: Javelin throw final today