Fresh audits of PIA, Pakistan Steel to be conducted for transparency

Jul 12

Finance

Fresh audits of PIA, Pakistan Steel to be conducted for transparency

KARACHI: The federal government will conduct fresh audit of Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM) in order to ensure transparency in state-owned enterprises (SOE). The audits would be initiated for improving SOE governance, transparency and efficiency. The federal government will make public the outcome of the audits by December 2019, which was […]

by Mrs. Anjum Shahnawaz

PIA implements business plan to improve financial health

Jun 11

Budget, Corporate, Finance

PIA implements business plan to improve financial health

ISLAMABAD: Pakistan International Airlines Corporation (PIAC) has implemented strategic business plan to improve its financial health, according to Economic Survey 2018/2019 launched a day earlier. It said PIA came into existence in 1955 as Public Sector organization. However, in April 2016 it was converted from a statuary organization to a company governed by Companies Act […]

by Faisal Shahnawaz

FIA summons fashion designers in PIA premier service case

Mar 27

Corporate

FIA summons fashion designers in PIA premier service case

KARACHI: Federal Investigation Agency (FIA) has summoned leading fashion designers in inquiry related to losses to PIA in Premier Service Operations. The FIA summoned the fashion designers in connection that PIA had acquired their services for design of ‘PIA Premier Service Uniform’ for its cabin crew. The agency said the designers were acquainted with the […]

by Faisal Shahnawaz

Govt. decides to end open sky policy: Fawad

Mar 26

National

Govt. decides to end open sky policy: Fawad

ISLAMABAD: The government has decided to end the open sky policy in order to prevent losses to national flag carrier i.e. Pakistan International Airlines (PIA). Federal Minster for Information and Broadcasting Chaudhry Fawad Hussain at a press conference after the federal cabinet meeting on Tuesday said that the government had decided to end the country’s […]

by Faisal Shahnawaz

ECC approves Rs5.6 bn for grounded PIA planes

Feb 12

Finance

ECC approves Rs5.6 bn for grounded PIA planes

ISLAMABAD: The Economic Coordination Committee of (ECC) the Cabinet on Tuesday approved additional guarantees to Pakistan International Airlines Company Limited (PIACL) of Rs 5.6 billion for repair and maintenance of engines and acquisition of related spare parts for operationalizing grounded planes.

by Mrs. Anjum Shahnawaz

Reform plan for improving financial health of three PSEs

Feb 7

Exclusive, National

Reform plan for improving financial health of three PSEs

ISLAMABAD: The government has launched a reform plan for improving financial health of three major Public Sector Enterprises (PSEs) including Pakistan Steel Mills, Pakistan Railways and Pakistan International Airlines, according to Fiscal Policy Statement 2018/2019 issued by the ministry of finance.

by Mrs. Anjum Shahnawaz

Jan 27

Corporate

PIA starts monitoring of free tickets

KARACHI – Pakistan International Airlines (PIA) has initiated a comprehensive monitoring system for non-revenue passengers and government agency officials traveling on 100 percent free tickets, according to a recent notification issued by the national flag carrier.

by Hamza Shahnawaz

PIA starts flight operation on three more routes

Jan 22

Corporate

PIA starts flight operation on three more routes

Karachi – In a bid to enhance air connectivity and offer more options to travelers in the region, Pakistan International Airlines (PIA) is set to commence additional flight operations on three key routes starting next month.

by Hamza Shahnawaz