Karachi: PIA Holding Company Limited has announced a significant change in its board of directors following the transfer of Mr. Ahsan Ali Mangi, who served as the Ex-Secretary of the Aviation Division. As of February 7, 2025, Mr. Mangi is no longer serving as a director of the company.

The announcement was made public on February 10, 2025, and stakeholders, including TRE Certificate Holders of the Exchange, have been urged to take note of this development. This change comes as part of a broader reshuffling effectuated by the Government of Pakistan, which has necessitated Mr. Mangi's departure from the board.

According to information available from the Pakistan Stock Exchange (PSX), stakeholders and market participants have been informed of this update. The decision aligns with regulatory requirements and is part of the company's compliance with governance standards. The PIA Holding Company Limited is a key player in the designated market category, and changes in its board composition are closely monitored by investors and analysts alike.

The transition follows a period of strategic realignment for the company, which continues to focus on its core objectives while adapting to the dynamic aviation landscape in Pakistan. The departure of Mr. Mangi marks a new chapter for the company as it seeks to appoint a successor who will contribute to its ongoing growth and success.