PIA raises fuel surcharge as Gulf crisis drives up costs
Airlines in Pakistan, including Pakistan International Airlines, are raising fuel surcharges after war in the Gulf disrupted regional air routes ...
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Fake Pilot Scandal Cost PIA Rs 200 Billion in Five Years, More Than the Airline’s Worth
Pakistan International Airlines faced financial losses of more than Rs 200 billion over the past five years following the fake ...
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PC board backs inclusion of FFC in AHCL-led consortium for PIA stake sale
The Privatisation Commission (PC) Board on Monday recommended to the Cabinet Committee on Privatisation (CCoP) the approval of inclusion of ...
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PIA set for IPO within a year of takeover: report – Markets
The new owners of Pakistan International Airlines (PIA) plan to go for an IPO within a year of taking over ...
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Pakistan banks cut ERF rate by 3%, bring export financing down to 4.5%
Pakistan’s banking sector on Wednesday announced a voluntary 3% reduction in the markup rate on the Export Refinance Facility (ERF), ...
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Economic Boost? IMF Praises Pakistan Privatisation Effort, Calls PIA Sale ‘Milestone’
The International Monetary Fund (IMF) has welcomed Pakistan’s recent push toward privatization, describing the sale of a majority stake in ...
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PIA Loses Rs 22 Billion as Planes Stay Grounded, Audit Reveals
Pakistan International Airlines (PIA) faced heavy financial losses because many of its aircraft remained grounded for long periods, according to ...
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PIA incurred Rs22bn loss due to prolonged grounding of aircraft
ISLAMABAD: A parliamentary committee on Wednesday was informed that Pakistan International Airlines Corporation (PIAC) suffered a loss of Rs22 billion ...
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New PIA OwnersExpect Losses in Early Years Despite Initial $400 Million Investment
PIA is set for a major transformation as its new owners unveil plans to improve the national carrier’s operations, expand ...
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Arif Habib sees PIA privatisation creating more jobs in airline
ISLAMABAD: Arif Habib — chairman of the investment firm that headed the consortium that won the auction for a controlling ...
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