In a remarkable legal victory, PIA Investment Ltd has finally received $11 million in settlement after a decades-long arbitration process. The announcement came from Federal Defence Minister Khawaja Muhammad Asif, who shared that the funds were transferred last night following a favorable arbitration ruling originally issued 13 years ago.
This payout concludes a 28-year-long legal journey, reflecting persistence in international legal procedures and arbitration enforcement. Though specific details of the case remain undisclosed, the successful outcome highlights PIA Investment Ltd’s ability to safeguard national assets and pursue long-standing claims to fruition.
This development also marks a rare positive injection of capital for Pakistan International Airlines amid ongoing restructuring and financial recovery efforts.
