Board of directors meeting of Pakistan International Airlines Corporation Limited.

Karachi -- Pakistan International Airlines Corporation Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on April 30, 2020 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended March 31, 2020.

Further, the company has declared the closed period from April 20, 2020 to May 04, 2020.

The announcement is available at:

https://dps.psx.com.pk/download/image/146118-1.gif

Pakistan International Airlines Corporation (PIAC) has been converted via Pakistan International Airlines Corporation (Conversion) Act, 2016 (Act No. XV of 2016), dated 19 April 2016 from a statutory corporation to a company governed by the Companies Ordinance, 1984. The new entity is called Pakistan International Airlines Corporation Limited (PIACL).

Through the PIAC (Conversion) Act, 2016, PIACL has succeeded to all the assets, liabilities, duties and obligations of PIAC. Similarly, PIACL is now entitled to the benefits of all notifications, licenses, permissions, sanctions, authorizations, concessions, decrees, international air service authorizations, agreements, orders and benefits issued or granted in favour of PIAC.

All employees of every grade and category of PIAC is hereby assured that they stand transferred by the PIAC (Conversion) Act, 2016 to PIACL with the same designation and on the same terms and conditions as they held in PIAC.

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