The Pakistan Stock Exchange has expressed concern over the impact of shares of Pakistan International Airlines (PIA).
In this regard, Pakistan Stock Exchange has written a letter to PIA seeking an immediate explanation.
Pakistan Stock Exchange has asked PIA to respond to 2 questions, the first is that PIA should urgently clarify the news of speedy work on the restructuring plan.
Another question is why PIA did not inform the Pakistan Stock Exchange about the progress for privatization?
Pakistan Stock Exchange wrote to Secretary PIA on September 25 regarding significant change in PIA share prices.
The Pakistan Stock Exchange says that the national airline’s shares and volume have seen a sharp change on news of the restructuring being accelerated.
According to Pakistan Stock Exchange, PIA is obliged to update immediately regarding this unusual movement in the light of the regulation of Pakistan Stock Exchange.
The Pakistan Stock Exchange has asked PIA to immediately deny or confirm the news of acceleration of restructuring.
According to Pakistan Stock Exchange, if there is any sensitive information regarding the listed company, which is likely to affect the price of the shares, it is necessary to explain the matter to all participants of the stock market.
The Pakistan Stock Exchange says that the Company Secretary should provide an explanation regarding the privatization of PIA.
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