Dr. Ayesha Khan has finally quit her job as a member of the PIA Holding Company’s Board of Directors. She said she had to leave because she had to focus on other work obligations. The PIA Company Secretary told the Pakistan Stock Exchange (PSX) about the news in an official letter. The letter also asked the PSX to let the holders of TRE certificates know about the change.
The federal government just recently decided to put Dr. Ayesha Khan on the board in August 2024, which is why she quit. Even though she agreed to take on the job at first, her busy schedule has forced her to quit earlier than planned.
The federal cabinet cleared an 11-member Board of Directors for the Pakistan International Airlines (PIA) holding company earlier this year. This was done to help the government speed up the process of privatizing PIA. The board will be led by Tariq Bajwa, who used to be the governor of the State Bank of Pakistan. It will have seven independent members and four government officials.
The PIA holding company has been legally registered with the National Clearing Company of Pakistan (NCCP) as part of this reorganization. This is a big change because all of the national flag carrier’s assets and debts will now be handled by this holding company. The Securities and Exchange Commission of Pakistan (SECP) rules say that important decisions about PIA must be approved by the board. This makes sure that the restructuring process follows the rules.