PIA commences flight operations to Azerbaijan

Mar 17

National

PIA commences flight operations to Azerbaijan

LAHORE: Pakistan International Airlines (PIA) – the national flag carrier – has commenced its flight operations to Baku, Azerbaijan from the country’s two major cities i.e. Lahore and Karachi, according to a statement issued on Wednesday. The airline management under the guidance and leadership of CEO PIA, Air Marshal Arshad Malik is fulfilling the vision […]

by Anjum Shah

PIA incurs loss of Rs42.72 billion in nine months

Oct 28

Corporate, Top stories

PIA incurs loss of Rs42.72 billion in nine months

KARACHI: Pakistan International Airlines, the national flag carrier, on Wednesday declared a loss of Rs42.72 billion during the first nine months (January – September) of 2021. The losses of the national flag carrier were over Rs40 billion in the same period of the last year. The board of directors of PIA in its meeting on […]

by Anjum Shah

PIA transports 5.9 million new batch of COVID vaccines

Sep 7

National

PIA transports 5.9 million new batch of COVID vaccines

BEIJING: Pakistan International Airlines (PIA), the national flag carrier of the country, has transported 5.9 million doses of COVID-19 vaccines through two special flights from China. The PIA through its two special cargo flights transported a new batch of 5.9 million doses of vaccines from Beijing Capital International Airport to Islamabad. Special cargo flights – […]

by Hamza Shah

PIA airlifts 12 million doses of Sinovac vaccines

Aug 29

National

PIA airlifts 12 million doses of Sinovac vaccines

BIEJING: Pakistan International Airlines (PIA) on Sunday carried fresh batch of 12 million doses of Sinovac vaccines through special flights from Beijing, to Capital International Airport of Islamabad. The PIA airlifted the Sinovac vaccines obtained from China and brought it to Pakistan for the people under government’s ongoing prevention and control drive against Covid-19. The […]

by Faisal Shah

PIA shows 46% revenue decline in half year

Aug 27

Corporate, National

PIA shows 46% revenue decline in half year

KARACHI: Pakistan International Airlines Corporation Limited on Friday announced 46 per cent decline in net revenue for the half year ended June 30, 2021. The airline recorded net revenue of Rs27.64 billion for the half year (January – June) 2021 as compared with Rs51.47 billion in the same half of the last year. However, the […]

by Faisal Shah

SBP approves PIA Sukuk for SLR maintenance

Aug 2

Corporate, Money & Banking

SBP approves PIA Sukuk for SLR maintenance

KARACHI: The State Bank of Pakistan (SBP) on Monday approved Sukuk to be issued by Pakistan International Airlines Company Limited (PIACL) for the requirement of Statutory Liquidity Requirement (SLR). The SBP said that in terms of Government of Pakistan, Ministry of Finance notification S.R.O. 746(I)/2021 dated May 31, 2021, the privately placed Sukuk to be […]

by Anjum Shah

PIA escapes financial losses in Airbus A320 crash

Apr 24

Corporate, National

PIA escapes financial losses in Airbus A320 crash

KARACHI: Pakistan International Airlines (PIA) has escaped from any financial loss as a result of Airbus A-320 that was crashed on May 22, 2020 a claimed 97 lives, according to annual result for the period ended December 31, 2020. According to the report, the Airbus A-320 was crashed in an accident on May 22, 2020. […]

by Anjum Shah

PIA restructuring plan to be presented before federal cabinet after tax liability reconciliation

Apr 7

Finance

PIA restructuring plan to be presented before federal cabinet after tax liability reconciliation

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday recommended to present restructuring plan of Pakistan International Airlines Corporation Limited (PIACL) before the federal cabinet after reconciliation of tax liabilities. Sources in Large Taxpayers Office (LTO) Karachi said that billions of rupee as tax liability was pending against the PIACL. Federal Minister for […]

by Anjum Shah

PIA offers 10pc discount on domestic, international tickets to Karachi Chamber

Feb 10

Trade & Industry

PIA offers 10pc discount on domestic, international tickets to Karachi Chamber

KARACHI: Pakistan International Airlines (PIA) has announced a 10 percent discount on air tickets of both domestic and international flights to members and staff of Karachi Chamber of Commerce and Industry (KCCI). The discount is available to members and staff at newly PIA outlet inaugurated at KCCI premises, a statement said on Wednesday. The discount […]

by Anjum Shah

PIA declares Rs39.85bn loss for nine-month period as revenue declines sharply

Nov 5

Corporate

PIA declares Rs39.85bn loss for nine-month period as revenue declines sharply

KARACHI: Pakistan International Airlines (PIA) has declared net loss of Rs39.85 billion for the nine-month period ended on September 30, 2020, which is mainly attributed to 31 percent decline in total revenue. According to financial results submitted to Pakistan Stock Exchange, the net losses of the national flag carrier slightly contracted when compared with the […]

by Anjum Shah