Islamabad: The Board of Directors of PIA Holding Company Limited (PIAHCL) convened a meeting on Monday, March 24, 2025, in Islamabad, where they decided not to approve the Half Yearly Financial Statements for the period ending June 30, 2024. This decision follows a previous communication outlined in Letter No. CS/PSX/BM/HYFS-24/25 dated March 17, 2025.

The management of PIAHCL has been instructed to revise the financial statements and present them again to the Board after the Eid holidays. The outcome of this review process will be communicated to stakeholders, including the Pakistan Stock Exchange (PSX), at a later date.

According to information available from the Pakistan Stock Exchange (PSX), the decision not to approve the financial statements has raised questions among market participants, particularly given the absence of detailed reasoning from the Board regarding their decision.

PIAHCL, operating within the designated market category, has committed to providing further updates to the Exchange and Certificate Holders as progress is made in the re-evaluation of the financial documents.