Search For "international airlines"
Pakistan govt 'assures' IMF of expediting privatisation programme
Updated : 2 years ago IST
The Pakistan government has 'assured' the International Monetary Fund (IMF) of expediting the privatisation programme, reported ARY News, citing sources.
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Pak PM Shehbaz directs officials to expedite privatisation process of PIA
Updated : 2 years ago IST
According to the report, PM Sharif called a high-level meeting in Islamabad to take stock of the privatisation process and also directed that immediate measures should be taken to strengthen the ability of the institutions in charge of privatisation to resuscitate the economy and speed up th
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Employees' union of Pakistan Airlines protest against privatisation
Updated : 2 years, 1 month ago IST
members of the People's Unity of Pakistan International Airlines (PIA), which is commonly known as the CBA, under the leadership of President Hidayatullah Khan, took to the streets raising slogans and banners with messages of defiance against what they perceived as a calculated attempt to di
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Ahead of polls, Special Investment Facilitation Council approves splitting
Updated : 2 years, 1 month ago IST
Ahead of the general elections, the Special Investment Facilitation Council (SIFC) of Pakistan on Friday gave the approval for the division of the Pakistan International Airlines (PIA) into two different entities. However, the unpaid liabilities of the company will be parked in the upcoming
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Pakistan International Airlines debt now rests on taxpayers shoulders
Updated : 2 years, 1 month ago IST
Islamabad: The government and banks have decided on a plan to restructure PIA's debt, totalling Rs268 billion. The Ministry of Finance, which initially didn't want to include PIA's debt in the overall public debt, has changed its mind. Now, they agreed to use the budget to pay both the princ
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Pakistan International Airlines privatization plan fails due to its financ
Updated : 2 years, 2 months ago IST
Sources suggest that PIA cannot afford to pay more than PKR 8 billion in interest on the PKR 260 billion loan. The commercial banks involved in lending to PIA include the National Bank and Bank of Punjab, along with eight other commercial banks.
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7,000 Pakistan International Airlines employees not paid salaries due to c
Updated : 2 years, 3 months ago IST
The employees of Pakistan International Airlines (PIA) have been affected due to the ongoing financial upheaval faced by the airlines which has left its 7000 employees without salaries in November, The Express Tribune reported.
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Pakistan: PIA flight escapes mid-air disaster
Updated : 2 years, 3 months ago IST
A Pakistan International Airlines (PIA) flight survived an unfortunate incident on Saturday after one of the aeroplane's engines caught fire mid-air, ARY News reported.
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Pak: Financially struggling PIA forced to ground Boeing 777 aircraft
Updated : 2 years, 5 months ago IST
Pakistan International Airlines (PIA) is grappling with a dire financial crisis, resulting to grounding of several Boeing 777 aircraft due to insufficient funds for maintenance, as reported by ARY News on Friday.
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Pakistan International Airlines on verge of shutdown as 537 flights cancel
Updated : 2 years, 5 months ago IST
PIA is facing its worst crisis in history as Pakistan State Oil (PSO) has cut its fuel supply over unpaid dues. The move forced the airline to cancel 537 flights since October 13.
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Pakistan International Airlines cancels flights over non-payment of dues t
Updated : 2 years, 5 months ago IST
Pakistan International Airline (PIA) flights have been severely affected as Pakistan State Oil (PSO) stopped fuel supply to the national carrier over non-payment of dues to the company, Geo News reported on Monday.
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Pakistan International Airlines releases funds for two-day fuel supply
Updated : 2 years, 5 months ago IST
PIA disbursed the fuel payment worth PKR 220 million to the PSO for Saturday and Sunday. The fuel payment issue between the airline and the PSO has been resolved and the flight schedule will be returned to normal.
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