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.
- 5,349,250,000 class A shares of Rs. 10/- each; and
- 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.