Karachi, Pakistan International Airlines Corporation informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on April 22, 2022.
The agenda of the meeting was discussion of unconsolidated and consolidated profit and loss account for quarter ended December 31, 2021 which portrayed a loss of Rs. 50,101,491 and 53,483,493 with loss per share 9.57 and 10.22 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from May 20, 2022 to May 28, 2022 (both days inclusive).
Pakistan International Airlines is one of the oldest airline in Pakistan. The total numbers of shares are 1,500,000 quoted on Pakistan Stock Exchange Limited.