PIA manages to get rid of its default payments : PSX

Pakistan International Airlines (PIA) manages to improve its position in Pakistan Stock Exchange.

According to the notification, the Pakistan Stock Exchange took the national aircraft carrier service, Pakistan International Airlines (PIA) out of the list of payment defaulters, on Tuesday.

Notification reads that the PSX has placed the national aviation company has since been placed in the normal category of trading companies.

A formal notification on the matter has been issued by the authorities.

The headway was made due to the airline’s compliance with the tasks it was assigned for the year to take itself out from the defaulter’s list.

A yearly report was submitted by PIA and was placed in the list from normal trading companies by Pakistan Stock Exchange.

The notification was issued by Pakistan Stock Exchange on January 24, 2020.