In the wake of extensive reforms within Pakistan International Airlines (PIA), the national carrier witnessed an unprecedented surge of 600% in its shares during trading at the Pakistan Stock Exchange.
Over the span of 10 days, PIA shares surged from Rs4.50 to Rs27, reflecting investor confidence following the reform initiatives undertaken by the airline. Market analysts attribute the upward trajectory of share prices to the bolstered investor sentiment post-reforms in PIA, with the company’s shares now ranking as the 17th largest traded stock on the PSX.
Finance Minister Muhammad Aurangzeb further reiterated the government’s commitment to privatize PIA by June, aiming to address the financial challenges faced by the national carrier.
