{"id":75643,"date":"2024-03-26T14:31:04","date_gmt":"2024-03-26T14:31:04","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/pia-privatization-govt-announces-holding-company-seven-member-bod\/"},"modified":"2024-03-26T14:31:04","modified_gmt":"2024-03-26T14:31:04","slug":"pia-privatization-govt-announces-holding-company-seven-member-bod","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/pia-privatization-govt-announces-holding-company-seven-member-bod\/","title":{"rendered":"PIA privatization: Govt announces holding company seven-member BoD"},"content":{"rendered":"
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The federal cabinet has announced a seven-member Board of Directors (BoD) of the Pakistan International Airline holding company as the government expedites the PIA privatization process, ARY News reported.<\/strong><\/p>\n

The federal cabinet has nominated Aslam R. Khan for the chairman slot of the BoD which was approved days earlier.<\/p>\n

Secretaries of privatisation, finance and the aviation division will be part of the holding company\u2019s BoD along with the chief executive officer of the PIA.<\/p>\n

Reports had said that the Securities and Exchange Commission of Pakistan (SECP) regulations made it mandatory to obtain approval from the board for decisions regarding the PIA.<\/p>\n

Read more: PIA privatization: Govt forms new board of directors<\/a><\/strong><\/p>\n

Earlier today, PIA restructured its board of directors to expedite the process of privatization of national flag carrier.<\/p>\n

The appointment of the 11-member board was confirmed by the flag carrier via formal communication to the main bourse on Monday.<\/p>\n

This reshuffle introduces mostly fresh faces to the PIA board. They include Dr. Aqdas Afzal, Sahibzada Rafat Raoof Ali, Haaris M. Chaudhry, Nadeem Karamat, and Tahira Raza.<\/p>\n<\/div>\n<\/div>\n