Islamabad, Apr 13, 2025: PIA Holding Company Limited (PSX: PIAHCLA) has issued a statement to clarify recent media reports, which mistakenly referenced the financial statements of Pakistan International Airlines Corporation Limited (PIACL) under the name of PIAHCLA.
According to the company’s disclosure on PSX, the financial accounts of PIAHCLA for the fiscal year ending December 30, 2024, are currently being audited and are still under review.
It is important to note that PIACL operates as a subsidiary of PIAHCLA.
The media report in question, however, pertains to the financial results of PIACL, an unlisted company, for the year 2024.
The holding company emphasized that while PIACL is a subsidiary, the financial results mentioned in the report do not reflect the financial standing of the listed PIAHCL.
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These results were formally approved by PIACL’s Board of Directors on April 8, 2025.
Additionally, PIAHCLA emphasized that it was officially established on March 21, 2024, and became listed on the Pakistan Stock Exchange (PSX) on May 27, 2024.
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PIAHCLA hopes that this clarification resolves any confusion and provides a clear understanding of its position.
