Govt appoints Asad Rasool CEO of PIA Holding Company Limited

Karachi:  The government has appointed Asad Rasool as the Chief Executive Officer (CEO) of PIA Holding Company Limited (PIAHCL), effective from April 10, 2025.

The listed company shared the development in its notice to the Pakistan Stock Exchange (PSX) on Thursday.

“We have to inform you that Asad Rasool has been appointed as Chief Executive Officer of PIAHCL with effect from April 10, 2025 in place of AVM Muhammad Amir Hayat,” read the notice.

PIAHCL is a public limited company currently majority-owned by the Government of Pakistan (GoP).

The company was established to succeed in specified assets, liabilities, and subsidiaries of Pakistan International Airlines Corporation Limited (PIACL), including specific business, property, rights, liabilities, and obligations of PIACL.