Pakistan International Airlines (PIA) witnessed an astonishing surge of 600 percent in its shares at the Pakistan Stock Exchange (PSX) following recent reforms within the national flag carrier. Over the past 10 days, PIA shares soared from Rs4.50 to Rs27, marking a significant increase.
Market analysts attribute this surge to investor confidence, bolstered by ongoing reform initiatives within PIA. With its share value now at Rs27, PIA ranks as the 17th largest trading share on the PSX, underscoring its growing prominence in the market. Finance Minister Muhammad Aurangzeb announced the government’s intention to conclude the privatization process of financially strained PIA by June, indicating the administration’s commitment to restructuring the national carrier.
