PIA Archives -

Gulf Nations Eye Purchase of Pakistan’s National Carrier, PIA

March 29, 2024March 29, 2024 Admin

Saudi Arabia, the United Arab Emirates, and Qatar have emerged as prospective purchasers for Pakistan International Airlines (PIA), displaying keen interest in acquiring the country’s flagship carrier. This development unfolds against the backdrop of the Pakistani government’s push to privatize PIA as part of its efforts to tackle financial challenges. Government officials have reportedly engaged in discussions with top-level representatives…

Receivables of PSO against PIA reach Rs27.5bn

December 9, 2023December 9, 2023 Admin

ISLAMABAD: The accumulated receivable of state-owned Pakistan State Oil (PSO) has reached Rs27.512 billion including late payment charges against Pakistan International Airlines (PIA) till December 7, 2023. Recently, the PSO suspended fuel supplies to the PIA over a dispute regarding unpaid dues. As a result of this standoff, the PIA was compelled to cancel domestic and international flights leading to…

‘For-sale’ PIA hit by worst-ever fuel crisis

October 23, 2023October 23, 2023 Admin

• Over 75 flights scheduled for Sunday cancelled as PSO cuts supply• Spokesperson claims operation ‘partially restored’ as four international flights depart late at night• Employees’ rep sees airline’s ‘destruction’ as part of ‘planned conspiracy’ RAWALPINDI: Once a profitable entity and the pride of a nation, the national flag carrier’s fortunes plummeted to an all-time low on Sunday, when its…

ECC raises margins for fuel dealers, marketing firms

September 7, 2023September 7, 2023 Admin

• Consumers to pay Rs3.51 per litre more on petrol, diesel• PIA’s request for bailout package, suspension of payments to CAA and FBR denied ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved per-litre hikes of Rs1.64 and Rs1.87 in margins to petroleum dealers and oil marketing companies (OMCs), respectively, on petrol and diesel sales and allowed…