Tag: PIA

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

    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 is available at 10 percent on domestic and international flights not only to KCCI members and staff but also their family members.

    In this regard, a Memorandum of Understanding (MoU) was signed by Chief Executive Officer (CEO) PIA Air Marshal Retd. Arshad Malik and President KCCI M. Shariq Vohra at a ceremony organized at KCCI which was also attended by Chairman Businessmen Group (BMG) & Former President KCCI Zubair Motiwala, Senior Vice President KCCI Saqib Goodluck, Vice President Shamsul Islam Khan, Former Presidents Younus Muhammad Bashir, Shamim Ahmed Firpo & Junaid Esmail Makda and others.

    Speaking on the occasion, CEO PIA Arshad Malik paid glowing tribute to Late Siraj Kassam Teli for his exceptional services to the country, particularly the business & industrial community.

    “Because of his splendid work, Siraj Teli would go down in the history and will always be remembered. He was a fatherly figure who fearlessly raised voice for the rights of business community and Karachi city,” he added.

    He informed that PIA has recently airlifted a cargo of kinnow and was particularly focused on providing cargo facilities at competitive rates hence, KCCI members should use PIA’s cargo service for sending their cargoes at corporate rates which will be kept lower than the market rates. “You decide the price for cargo and we will live up to it,” he added.

    Arshad Malik was of the opinion that the revival of PIA was a challenging task in 2019 but by taking the ownership along with the commitment and sincere efforts, the performance of the national flag carrier was improved however, the airline suffered badly due to COVID-19 pandemic.

    He further informed that PIA management was taking every possible step for the betterment of the airline and in this regard, a Voluntary Separation Scheme (VSS) with attractive package was given to some 2000 employees.

    “Segregation of core and non-core groups was likely while the aircrafts acquired on expensive lease were being returned and replaced with better aircrafts at reasonable rates,” he added.

    In response to a suggestion pertaining to commencement of direct flights to northern areas, he said that although PIA was capable of providing direct flight but it was currently not possible due to lack of runways and refueling facilities in many areas of the country.

    “Keeping in view the potential of Gwadar, the number of direct flights has been raised to three from one as this city is going to become a major hub of economic and financial activities.”

    Chairman BMG Zubair Motiwala, in his remarks, appreciated all the efforts being made by CEO PIA to improve the performance of national flag carrier which has to be improved to such an extent that PIA thrives and flies high not only in the skies of Pakistan but also the rest of the world which can become possible only if the government facilitates and provide conducive environment with a focus to restore the lost glories of the national flag carrier.

    Keeping in view the performance of other local airlines, he advised CEO PIA to double the number of domestic flights with same kind of treatment and services which were being provided by PIA’s competitors that would surely yield positive results.

    “We are patriotic Pakistanis and we want to help and support PIA so we would prefer to fly to our destinations via national flag carrier but PIA must improve its services as per international standards,” he added while acknowledging the timely arrival and departure of PIA flights soon after Arshad Malik assumed charge as CEO PIA.

    Chairman BMG further appealed the entire business and industrial community to come forward, support and cooperate with PIA in whatever way they can so that PIA could come out of crises and attains success.

    In his welcome address, President KCCI Shariq Vohra, while appreciating the efforts being made by CEO PIA to pull the national flag carrier out of crises, stressed the need to make collective efforts and aggressively promote the good things happening at PIA while KCCI, with an impressive membership base, can become a good partner of PIA in various fields.

    He was of the opinion that the airlines business has been growing in Pakistan as AirSial, AirBlue and SereneAir have been enjoying thriving businesses with aircrafts flying at full capacity therefore, PIA must also focus on improving the market share by offering its service at competitive rates through cost reduction. “In this regard, the domestic industry has to be integrated with PIA which would certainly reduce cost and save valuable foreign exchange,” he added.

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

    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 net loss of Rs41.98 billion in nine-month period ended September 30, 2019.

    The cost of sales of the company fell to Rs74.43 billion during the period January – September 2020 as compared with Rs102.62 billion in the same period of the last fiscal year.

    Administrative expenses of the airline fell to Rs4.52 billion during nine-month period ended September 30, 2020 as compared with Rs4.99 billion in the corresponding period of the last fiscal year.

    However, operational losses of the PIA increased sharply to Rs8.7 billion during the period under review as compared with Rs4.85 billion for the nine-month period ended September 30, 2019.

    The PIA suffered an amount of Rs7.57 billion as exchange losses during the period. The company witnessed a loss of Rs11.60 billion as exchange loss in nine-month period of the last year.

  • FIA arrests former PIA executives for illegal appointment

    FIA arrests former PIA executives for illegal appointment

    KARACHI: Federal Investigation Agency (FIA) Corporate Crime Circle, Karachi has arrested former executives of Pakistan International Airlines (PIA) in an illegal appointment case, a press release said on Saturday.

    It said that the FIA, CCC, Karachi on October 15, 2020 registered FIR against accused Aijaz Haroon, former Managing Director, PIA; Salim Sayani, former DMD, PIA and Haneef Pathan, former Director (HR), PIA on the charges of illegal appointment of Salim Sayani as DMD in PIA in 2009 in violation of PIA HR Rules.

    It said that accused Salim Sayani is Pakistani origin USA national.

    It further said that huge salaries of $20,000 per month and other perks and privileges were offered to accused Salim Sayani.

    The accused Aijaz Haroorn, former MD PIA and accused Hanef Pathan, former Directo (HR), PIA have been arrested in the case, the statement said.

  • PIA declares Rs56 billion after tax annual loss

    PIA declares Rs56 billion after tax annual loss

    KARACHI: The national flag carrier, Pakistan International Airline, has declared after tax loss of Rs56 billion for the year 2019, according to financial results submitted to Pakistan Stock Exchange (PSX) on Monday.

    The national flag carrier managed to reduce the annual loss by Rs10.66 billion from last year’s loss of Rs66.66 billion.

    The net revenue of the airline increased by around 40 percent to Rs164.64 billion in 2019 as compared with Rs118 billion in the preceding year.

    The cost of services including, cost of fuel, increased to Rs152 billion in 2019 as compared with Rs132.79 billion in the preceding year.

    The airline manage to post gross profit of Rs12.65 billion for the year 2019 as compared with around Rs15 billion loss in the previous year.

    The distribution costs of the airline increased to Rs7.33 billion from Rs6.3 billion. Administrative expenses of the airline also increased to Rs11.3 billion from Rs10.47 billion.

    The airline incurred losses to the tune of Rs11.69 billion due to depreciation of rupee. The exchange loss was Rs15 billion in the last year.

  • PIA gets permission for direct US flight operation

    PIA gets permission for direct US flight operation

    KARACHI: Pakistan International Airlines (PIA) has been allowed to conduct direct flight operation and airlift Pakistani nationals from the United State of America (USA).

    The US Department of Transportation on Thursday issued special authorization to permit up to twelve round-trip or one-way planeload charter flights, carrying passengers and cargo, between a point or points outside the US and a point or points in the US.

    The sources said that CEO PIA Arshad Malik formally requested the US authorities a week ago for the airlift of Pakistani passengers in the wake of COVID-19.

    They said that it would be first time the PIA conducts direct US flight operation.

    Due to restriction of direct US flights, the PIA planes have to get permission and clearance from EU countries.

  • PIA slashes UAE fares up to 30 percent for providing relief to stranded Pakistanis

    PIA slashes UAE fares up to 30 percent for providing relief to stranded Pakistanis

    ISLAMABAD: Pakistan International Airline (PIA) has slashed fares of its special flights up to 30 percent in order to provide relief to stranded Pakistanis in United Arab Emirates (UAE) due to coronavirus pandemic.

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  • PIA declares 17% loss for six-month period

    PIA declares 17% loss for six-month period

    KARACHI: Pakistan International Airlines (PIA) has announced 17 percent loss for six months period ended June 30, 2019.

    According to financial results submitted to Pakistan Stock Exchange (PSX) on Wednesday, the national flag carrier recorded losses of Rs37.89 billion for the six months period ended June 30, 2019 as compared with Rs32.411 billion in the corresponding period of the last year.

    Operation losses of the company fell by 60 percent for the period to Rs7.12 billion as compared with the operation losses of Rs17.53 billion for the six months period ended June 30, 2018.

    The company absorbed losses of Rs14.59 billion due to depreciation in rupee value during the six months period ended June 30, 2019 as compared with Rs5.83 billion in the corresponding period of the last fiscal year.

    The financial costs of the airline increased to Rs15.85 billion during the period under review as compared with Rs8.8 billion in the same period of the last year.

    The administrative expenses of the company were flat at Rs3.49 billion for the six months period ended June 30, 2019 as compared with Rs3.25 billion in the same period of the last fiscal year.

  • Immigration delays seven international flights at Lahore airport

    Immigration delays seven international flights at Lahore airport

    KARACHI: At least seven international flights on Saturday witnessed delays at Lahore airport due to shortage of staff at immigration counter.

    Sources said that international passengers faced problems due to delay in clearance at immigration counters. The sources said that the delays caused due to shortage of staff at the counters.

    Long queues of passengers were seen at the immigration counters. The clearance at the immigration counters resulted in delays for many hours in scheduled flights included five national carriers and two other foreign airlines.

    These flights were scheduled to carry around 1500 passengers from Lahore airport.

    The sources said security checks also caused further delay in these scheduled flights.

    These delays resulted around 12 flights altogether at the airport for take off during 11:00 AM to 1:00PM.

    PIA spokesman commented that the passengers had faced difficulties due to delays in security checks. However, the spokesman said that all possible facilities had been provided to the passengers.

  • PIA stops persons travelling on fake Canadian visas

    PIA stops persons travelling on fake Canadian visas

    KARACHI: The task force of Pakistan International Airlines (PIA) on Friday intercepted two passengers from Canada-bound flight following discovery of travelling on fake electronic visa.

    The PIA taskforce at Lahore Airport took timely action and denied the passengers travelling through national carrier to Canada. The passengers later handed over to Federal Investigation Agency (FIA) for further legal process.

    According to details, when these two passengers reached PIA counter for boarding pass for their journey to Toronto, Canada, the taskforce examined the electronic visa presented by them.

    The examination revealed that those visas were fake. A PIA spokesman said that the timely action prevented huge monetary penalty on the national flag carrier.

    The spokesman said that in case those visas found fake at Canadian soil then huge penal amount had to be borne by the PIA.

    The FIA will further investigate the fake visa scam to find out persons involved in such crime.

  • Birds hit two PIA aircraft

    Birds hit two PIA aircraft

    KARACHI: At least two aircraft of Pakistan International Airlines (PIA) were damaged in bird-strike incidents which were took place at Karachi Airport, a spokesman said on Monday.

    “Today two aircraft were hit by birds once again. Both incidents took place at the Karachi airport,” PIA spokesman Abdullah Khan said.

    The spokesman said that flight number PK301 was damaged on the nose and other flight number PK311 on its wing flap by the bird strike.

    “These strikes not only pose life threatening danger for passengers but also cause financial losses,” the spokesman added.

    The national flag carrier appealed several times for appropriate actions to be taken to remove presence of birds around the airport.

    The spokesperson said that the PIA had contacted Civil Aviation Authority (CAA) in this regard, along with running a special social media campaign to raise awareness on the issue.

    “Unfortunately, no substantial action has so far been taken,” the spokesperson said and urged everyone to join the airline in addressing the issue as it concerns everyone.