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Pakistan Taxpayers to Bear Rs30 Billion for PIA Debt
Businessexpress-tribune18d ago

Pakistan Taxpayers to Bear Rs30 Billion for PIA Debt

Pakistani taxpayers will be responsible for Rs30 billion of Pakistan International Airlines (PIA) debt, with banks set to earn Rs573 billion in interest over ten years, while the government extends sales tax exemptions to all airlines.

President Zardari Approves PIA Privatization Bill
PoliticsDawnexpress-tribune2mo ago2 sources

President Zardari Approves PIA Privatization Bill

President Zardari has approved a bill that completes all legal formalities required for the privatization of Pakistan International Airlines (PIA). This approval marks a significant step towards the airline's privatization.

Middle East Conflict Disrupts Air Traffic
Worldvg4mo ago

Middle East Conflict Disrupts Air Traffic

Air traffic in the Middle East is experiencing significant disruptions due to the ongoing conflict involving Iran. Numerous international airlines have either canceled or altered their routes in response to the situation, according to Reuters.

Trump Rejects Iran Ceasefire as Oil Prices Soar Amid War Risks and Energy Dominance Pursuits
WorldAPReutersBBC+75bloombergNYTwsjFTwapoThe GuardianNPRAl Jazeera+67 more5mo ago78 sources

Trump Rejects Iran Ceasefire as Oil Prices Soar Amid War Risks and Energy Dominance Pursuits

Former President Trump has reiterated his rejection of a ceasefire with Iran, asserting that Iran desires a deal but fears its own people and the US. Meanwhile, oil prices continue to climb past $100, driven by lingering risks of a prolonged US-Iran war, impacting global powers as Trump and Xi pursue energy dominance, with Europe particularly vulnerable.

IAG Profits Decline by 20% Due to Iran Crisis
Worldla-vanguardia1mo ago

IAG Profits Decline by 20% Due to Iran Crisis

International Airlines Group (IAG), the parent company of Iberia and Vueling, reported a 20% decrease in profits, earning 1.033 billion euros in the first half of the year, primarily impacted by increased fuel costs attributed to the crisis in Iran.

Worldexpress-tribune3mo ago

PIA to Resume Islamabad-Beijing Flights from July 3

Pakistan International Airlines (PIA) is set to resume its Islamabad-Beijing flights starting July 3. The revival of the route comes amid growing demand from students, business professionals, and tourists.

Labor Day Marked by Protests, Job Fairs, and Wage Demands
PoliticsAPFTle-monde+67The GuardianNPRAl Jazeerayle-uutisethelsingin-sanomattagesschauDWle-figaro+59 more4mo ago70 sources

Labor Day Marked by Protests, Job Fairs, and Wage Demands

Workers across various regions observed Labor Day with protests demanding wage increases, tax reforms, and improved working conditions. The day also featured job fairs offering thousands of opportunities and discussions on labor policies.

PIA raises fuel surcharge as Gulf crisis drives up costs
BusinessDawnexpress-tribune5mo ago2 sources

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 and canceled about 300 flights from the country in recent days, airline officials and flight data show. PIA spokesman Abdullah Khan told Reuters that fuel costs have risen 34 per cent due to the Gulf crisis. He added that the airline was raising fuel surcharges on domestic flights by $20 and up to $100 on international flights. In the past 12 da...

Μέση Ανατολή: Η ελβετική εταιρεία Swiss οργανώνει πτήση από το Ομάν για να βοηθήσει εγκλωβισμένους πολίτες
World6mo ago

Μέση Ανατολή: Η ελβετική εταιρεία Swiss οργανώνει πτήση από το Ομάν για να βοηθήσει εγκλωβισμένους πολίτες

Η ελβετική αεροπορική εταιρεία Swiss International Airlines ανακοίνωσε πως θα πραγματοποιήσει αύριο μία πτήση με ένα Airbus A340 από το Ομάν. H πτήση θα πραγματοποιηθεί προκειμένου να βοηθήσει…

BA owner’s profits rise by 20% despite drop in passenger numbers last year
BusinessThe Guardianpublico6mo ago2 sources

BA owner’s profits rise by 20% despite drop in passenger numbers last year

IAG enjoys record operating profits on margins of more than 15% at British Airways and sister airline Iberia British Airways’ owner, International Airlines Group (IAG), has announced a sharp rise in annual profits to almost £4bn despite carrying slightly fewer passengers in 2025. Pre-tax profits across the group increased by 20% to €4.5bn (£3.9bn), with record operating profits on margins of more than 15% at BA and its sister airline Iberia. Continue reading...

PIACL Board Approves Employee Bonuses
Businessexpress-tribune29d ago

PIACL Board Approves Employee Bonuses

The board of Pakistan International Airlines Corporation Limited (PIACL) has approved bonuses for its employees, aiming to acknowledge their services and encourage them.

Government Approves Rs4.4 Billion for PIA Retirees
Businessexpress-tribune4mo ago

Government Approves Rs4.4 Billion for PIA Retirees

The government has approved Rs4.4 billion for retirees of Pakistan International Airlines (PIA). Additionally, the Economic Coordination Committee (ECC) cleared a policy for importing old cars, while also issuing a contradictory statement to the State Bank of Pakistan.

Middle East Flight Disruptions Continue; Airlines Ramp Up Operations
Worldindian-expressnational-uae5mo ago2 sources

Middle East Flight Disruptions Continue; Airlines Ramp Up Operations

International airlines have extended flight suspensions across the Middle East, with travel advisories detailing ongoing delays and cancellations at major airports, while some carriers like Air India and Etihad Airways are ramping up operations to manage the situation.

Privatisation Commission board recommends Fauji Fertiliser’s inclusion in consortium that won PIA auction
BusinessDawn6mo ago

Privatisation Commission board recommends Fauji Fertiliser’s inclusion in consortium that won PIA auction

ISLAMABAD: The Privatisation Commission board on Tuesday recommended the inclusion of the Faiji Fertiliser Company (FCC) in the Arif Habib-led consortium that won the auction for Pakistan International Airlines (PIA). Last December, the consortium had successfully bid Rs135 billion for a 75 per cent stake in the national flag carrier. The FFC was initially among the bidders but had withdrawn from the process ahead of the auction. It had later joined the winning consortium on December 25. It s...