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Results for "Pakistan International Airlines (PIA)"

36 stories found

Pakistan Taxpayers to Bear Rs30 Billion for PIA Debt
Businessexpress-tribune10d 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.

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.

Privatisation Commission board recommends Fauji Fertiliser’s inclusion in consortium that won PIA auction
BusinessDawn5mo 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 The FFC was initially among the bidders but had withdrawn from the process ahead of the auction.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...

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.

Worldexpress-tribune2mo 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.