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Pakistan International Airlines Corp.

PIAa.PSX

Latest Trade

4.38PKR

Change

-0.41(-8.56%)

Volume

3,200,000

Today's Range

4.10

 - 

4.88

52 Week Range

4.06

 - 

6.87

As of on the Karachi Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Pakistan International Airline Corp - Security officials, protesters clash during Pakistan strike - Reuters

Pakistan International Airline Corp:Pakistani security personnel on Tuesday clashed with marchers protesting government plans to privatise the ailing national airline, a skirmish that a hospital official said killed at least two protesters and injured eight - RTRS.Protesters said paramilitary forces fired after a confrontation as security forces tried to block the strikers nearing the airport in the southern economic hub of Karachi. - RTRS.But a spokesman for the paramilitary Rangers force and a senior police officer denied that any of their members had fired. - RTRS.The violence came as hundreds of airline employees held the latest of a months-long series of protests against the plans to privatise Pakistan International Airlines (PIA) - RTRS.Despite the strike in Karachi and at PIA offices across Pakistan, flights suffered no major disruption on Tuesday. - RTRS.Once a source of pride for Pakistan, flights of the loss-making carrier are now frequently cancelled and many of its aircraft have been cannibalised to keep others flying. - RTRS.The government has sought to allay fears the move could bring mass layoffs, but sporadic protests have continued. - RTRS.The government expressed "sadness and sympathy" for those killed or injured on Tuesday, but also warned against further protests. - RTRS.

Pakistan International Airline Corp - Pakistan privatisation hits snag as airline workers walk out - Reuters

Pakistan International Airline Corp:Employees of Pakistan's ailing national airline on Tuesday walked out in protest over its planned privatisation, disrupting flights and undermining a central plank of reforms promised by Prime Minister Nawaz Sharif in return for an IMF bailout - RTRS.In September 2013, the International Monetary Fund saved Pakistan from a possible default by agreeing to lend it $6.7 billion over three years. - RTRS.In return, Pakistan said it would broaden its tax base, cut electricity subsidies and privatise failing state companies that lose taxpayers around $5 billion a year. - RTRS.Soliciting buyer interest in Pakistan International Airlines PIAa.KA, whose accumulated losses stand at $2.29 billion, by Dec. 31 is one of the major steps Islamabad needs to take for the programme to continue - RTRS.But the government is struggling to meet that deadline after a delay of many months in amending a 1956 law that bars PIA from being privately owned. On Dec. 5, the government issued a presidential decree to turn the national flag carrier into a limited company - RTRS.PIA workers are demanding that the ordinance be retracted. Political opponents accuse the government of bypassing parliament by opting for a decree over an amendment that would require lawmakers to vote - RTRS.PIA spokesman Daniyal Gilani said airline offices, including reservation booths, remained closed through Tuesday and pilots had joined the strike - RTRS.

Pakistan International Airline Corp does not recommend interim cash dividend

Pakistan International Airline Corp:Not recommended interim cash dividend, bonus shares or right shares for quarter ended June 30, 2014.

Pakistan International Airline does not recommend interim cash dividend

Pakistan International Airline Corp:Not recommended interim cash dividend, bonus shares or right shares for year ended March 31.

Pakistan International Airline Corp Does Not Recommend Dividend

Pakistan International Airline Corp announced that it has not recommended cash dividend and bonus shares for the period ended September 30, 2013.

Pakistan International Airline Corp Does Not Recommend Dividend

Pakistan International Airline Corp announced that its Board of Directors have not recommended cash dividend and bonus shares for the period ended June 30, 2013.

Pakistan International Airline Corp Announces Management Change

Pakistan International Airline Corp announced that Lt. Gen. Asif Yasin Malik (Retd), Ex-Office Chairman has ceased to be the Chairman of the Corporation with effect from July 4, 2013 and Mr. Asiam Khaliq has been appointed as acting Chairman / Chief executive Officer of the Corporation.

Pakistan International Airline Corp Does Not Recommend Dividend

Pakistan International Airline Corp announced that its Board of Directors have not recommended cash dividend and bonus shares for the period ended December 31, 2012.

Pakistan International Airline Corp Announces Management Change

Pakistan International Airline Corp announced that Lt. Gen. (Retd.) Asif Yasin Malik has been appointed new Chairman of the Board and Mr. Muhammad Junaid Yunus has been appointed its new Managing Director in place of ACM (Retd.) Rao Qamar Suleman, Chairman of the Board, Managing Director and Chief Executive Officer. Mr. Aftab Ahmad has also been appointed Chief Financial Officer in place of Mr. Faisal I. H. Malik.

Pakistan International Airline Corp Not To Pay Q3 2012 Dividend

Pakistan International Airline Corp announced that it is not to pay dividend for the nine months ended September 30, 2012.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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