KARACHI: Dr. Ayesha Khan has resigned from her position on the Board of Directors of PIA Holding Company, citing other professional commitments.
The PIA Company Secretary has formally communicated the resignation to the Pakistan Stock Exchange (PSX) and requested notification to TRE Certificate Holders. This follows an earlier notification dated August 13, 2024, concerning her appointment.
Dr. Khan was appointed to the PIA Holding Company’s Board last month as part of the government’s efforts to advance the privatization of Pakistan International Airlines. However, she has withdrawn due to her demanding schedule.
Earlier this year, the federal cabinet approved an 11-member Board of Directors for the PIA holding company, aiming to accelerate the airline’s privatization process. Tariq Bajwa, former Governor of the State Bank of Pakistan, was appointed as the chairman, with the board comprising seven independent directors and four government officials.
The PIA holding company has been registered with the National Clearing Company of Pakistan (NCCP), with plans to transfer all of the national carrier’s debts and assets to the holding company. The Securities and Exchange Commission of Pakistan (SECP) regulations require board approval for significant decisions related to PIA.
