About Us

COMPANY PROFILE

Vision

To manage the entrusted responsibilities efficiently and systematically, with a focus on strong corporate governance. We aim to make informed decisions on financial matters and assets management, in compliance with statutory and regulatory framework, ensuring accountability and excellence.

Mission

Integration: Integrating and managing business segments, subsidiaries, and associates alongside their assets and liabilities.

Organizational Efficiency: Creating a lean and efficient structure to effectively manage allocated shares, liabilities, including restructured debt stock, SOE payables and subsidiary proceeds.

Asset Management: Maintaining and disposing off properties in line with the established procedures.

Shared-services Provision: Providing shared and value-added services to third parties.

Status of Company

PIA Holding Company Limited (PIAHCL) is a public limited company incorporated under the laws of Pakistan and regulated by the Securities and Exchange Commission of Pakistan (SECP). Pursuant to the Scheme of Arrangement (SOA) sanctioned by the SECP, PIAHCL serves as the holding company for Pakistan International Airlines Corporation Limited (PIACL) and its subsidiaries, including PIA Investments Limited, Skyrooms (Private) Limited, and Sabre Travel Network Pakistan (Private) Limited.

Under the SOA, several key transactions were transferred to PIAHCL, including the assets, liabilities, and shareholding of PIACL, as well as the operations of its subsidiaries. These transfers were part of the larger restructuring plan, aimed at improving the operational efficiency and governance of the national airline and its associated entities. The transactions included the transfer of PIACL's shares, assets, and liabilities, ensuring a smooth transition in line with the objectives of the Scheme.

PIAHCL plays a strategic role in managing and optimizing the operations of its subsidiaries, ensuring corporate governance, financial oversight, and sustainable business growth. The company is committed to transparency, efficiency, and adherence to regulatory frameworks in all aspects of its operations.

PIAHCL operates in accordance with the Companies Act, 2017, State-Owned Enterprises (Governance and Operations) Act, 2023; and State-Owned Enterprises Ownership and Management Policy, 2023, with a focus on fostering the development and success of the national airline and its affiliated businesses.

The authorised share capital of PIAHCL is PKR 53,500,000,000/-, divided into:
  1. 5,349,250,000 class A shares of Rs. 10/- each; and
  2. 1,500,000 class B shares of Rs. 05/- each.
National Tax No.

NTN No. “D342499-4”

SECP Registration

SECP Registration: Corporate Universal Identification No: 0254011

Addresses

Registered Office:
PIA Building
49-AKM Fazal-e-Haq Road
Blue Area, Islamabad

Liaison Office:
Company Secretary,
1st Floor, Executive Corridor,
PIA Head Office, Karachi-Airport

Phone Numbers

Head Office | 0092 21 9904 0000
Investor Relations | 0092 21 9904 4646, 0092 21 9904 4947

Email Address

General Queries | shares@piac.aero
Investor Related Queries | shares@piac.aero

Subsidiaries
Pakistan International Airlines Corporation Limited

Pakistan International Airlines Corporation Limited (PIACL) was incorporated on January 10, 1955 under the Pakistan International Airlines Corporation Ordinance, 1955, which was subsequently repealed and replaced by the Pakistan International Airlines Corporation Act, 1956. With effect from April 19, 2016, the Holding Company (previously the Corporation) has been converted from a statutory Corporation into a public limited Company by shares, through 'The Pakistan International Airlines (Conversion) Act, 2016' approved by the Parliament of Pakistan.

The Conversion Act has repealed the Pakistan International Airlines Corporation Act, 1956 and the Holding Company is now governed under the Companies Act, 2017 (previously Companies Ordinance, 1984). According to the Conversion Act, all assets, rights, license, privileges and benefits of which the Holding Company (previously the Corporation) was entitled were transferred to the Holding Company, which has assumed all liabilities and obligations of the previous Corporation.

After approval of Scheme of Arrangement by Securities & exchange Commission of Pakistan (SECP) on May 03, 2024. Pakistan International Airlines Corporation Limited is now 100% owned Subsidiary of PIA Holding Company Limited.

Nature of Business:
PIACL is to provide commercial air transportation, which includes passenger, cargo and postal carriage services. Other activities of the holding company include provision of engineering and allied services.

PIA Investments Limited

PIA Investments Limited (PIAIL) was incorporated on September 10, 1977 in Sharjah, United Arab Emirates as a limited liability Holding Company under a decree issued by H. H., The Ruler of Sharjah. During 1986, PIAIL was registered in British Virgin Islands under International Business Companies Ordinance, 1984 (now BVI Business Companies (Amendment) Act, 2012) as a Holding Company limited by shares.

Nature of Business:
PIAIL is to carry on business as promoters of and investors in projects related to construction, development and operation of hotels, motels and restaurants throughout the world. The Holding Company's controlling interest in PIAIL is 100%. The registered office of PIAIL is situated at CITCO Building, Wickham Cay, Road Town, Tortola, British Virgin Islands.

Skyrooms Private Limited

Skyrooms (Private) Limited (SRL) was incorporated on May 20, 1975 in Pakistan as a private limited company under the Companies Act, 1913 (now Companies Act, 2017).

Nature of Business:
SRL primarily owns and manages Airport Hotel, Karachi.It also provides manpower services to other companies, with PIACL being the principal account. Hence SRL also acts as manpower provisioning contractor to its Holding Company.

Sabre Travel Network Pakistan (Private) Limited.

Sabre Travel Network Pakistan (Private) Limited was incorporated in Pakistan on October 12, 2004 as a private Company limited by shares, under the repealed Companies Ordinance, 1984 (now Companies Act, 2017). PIACL's (the Holding Company) controlling interest in Sabre TN Pakistan is 75% whereas 25% shares are held by Sabre INC.

Nature of Business:
Sabre markets and distributes a computer reservation system to subscribers in Pakistan, under a sub-distribution agreement with Sabre Asia Pacific (Pte.) Limited (Sabre TN APAC) (an associated Company and joint venture partner), that incorporates a software package which performs various functions including real-time airlines seat reservations, schedules, bookings for a variety of air, car and hotel services, automated ticketing and fare displays.