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Formation of National Consortium to Revitalize Pakistan International Airlines

BREAKING NEWSUpdated:May 20, 2024Share
Karachi - 18 May 2024 Pak Ethanol (Private) Limited is excited to announce the formation of a national consortium, partnering with leading international aviation groups, to bid for the revitalization of Pakistan International Airlines (PIA). The consortium is co-led by Pak Ethanol (Private) Limited, Pakistan, and includes esteemed members: Serene Air (Private) Limited – Pakistan …

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view of a pakistan international airlines pia passenger plane taken through a glass panel at islamabad international airport pakistan october 3 2023 photo reuters file

PIA resumes flights to UAE as weather clears

BREAKING NEWSUpdated:May 3, 2024Share
" ISLAMABAD: The skies over the United Arab Emirates (UAE) cleared on Friday, bringing relief to travellers as Pakistan International Airlines (PIA) announced the resumption of its flights. In a statement issued by the PIA spokesperson, it was confirmed that air operations have returned to normalcy following the restoration efforts by the local aviation administration. Passengers…

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10 companies show interest in buying the airlines

10 companies show interest in buying the airlines

BREAKING NEWSUpdated:May 3, 2024Share
" Ten companies have reportedly shown their interest in acquiring the majority stakes in Pakistan International Airlines (PIA), ARY News reported on Friday quoting sources. Sources told ARY News 10 companies including three domestic aviation companies have submitted their applications for tenders. Fly Jinnah, AirSial, Arif Habib Group, Shujaat Azeem Group’s consortium, Tabba, Tariq Group…

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Bilawal opposes PIA privatisation, calls for public-private partnership

Bilawal opposes PIA privatisation, calls for public-private partnership

PAKISTANUpdated:May 2, 2024Share
" Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari on Wednesday opposed the privatisation of loss-making national carrier Pakistan International Airlines (PIA), recommending the government to operate it under a public-private partnership. The disposal of the flag carrier is a step past elected governments have steered away from as likely to be highly unpopular, but progress…

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if the government fails to privatise pia within three years commercial banks will have the right to reopen the deal and demand an interest rate equal to prevailing government borrowing rates photo file

PIA sell-off fails to attract foreign investors

BREAKING NEWSUpdated:May 2, 2024Share
" LAHORE: As the privatization process of the restructured Pakistan International Airlines (PIA) has kicked off, foreign companies are apparently not interested in acquiring the majority stakes in the national carrier, sources told The Express Tribune on Wednesday. According to the sources, only two companies from the Gulf countries received documents for investment by depositing…

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ppp chairman bilawal bhutto zardari speaking at an event on the occasion of labour day in karachi screengrab

Bilawal opposes PIA privatisation, calls for public-private partnership

BREAKING NEWSUpdated:May 1, 2024Share
" Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari on Wednesday opposed the privatisation of loss-making national carrier Pakistan International Airlines (PIA), recommending the government to operate it under a public-private partnership. The disposal of the flag carrier is a step past elected governments have steered away from as likely to be highly unpopular, but progress…

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متحدہ عرب امارات

” پاکستانی عوام متحدہ عرب امارات کو اپنا دوسرا گھر سمجھتی ہے، وفاقی وزیر اطلاعات ” | Current Pulse | Pakistan

PAKISTANUpdated:April 3, 2024Share
" وفاقی وزیر اطلاعات عطا تارڑ نے کہا ہے کہ پاکستان کے عوام متحدہ عرب امارات کو اپنا دوسرا گھر سمجھتے ہیں۔ وزیر اطلاعات عطا تارڑ سے متحدہ عرب امارات کے سفیر حماد عبید ابراہیم سالم الزعابی کی ملاقات ہوئی جس میں دو طرفہ تعلقات اور مختلف شعبوں میں تعاون کے فروغ پر تبادلہ خیال…

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Holding company seven-member BoD annnounced

” Bids invited from buyers by May 3 ” | Current Pulse | Breaking News

BREAKING NEWSUpdated:April 2, 2024Share
" KARACHI: Bids for privatisation of Pakistan International Airlines (PIA) have been sought from the buyers by May 3, ARY News reported. According to privatisation ministry officials, the losses and loans of the PIA have been shifted to the withholding company before its privatisation. The government of Pakistan only wants to privatise the aviation department…

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” PIA plane narrowly escapes tragedy ” | Current Pulse | Breaking News

BREAKING NEWSUpdated:March 31, 2024Share
" ISLAMABAD: A Pakistan International Airlines (PIA) passenger aircraft narrowly avoided a calamity after a bird struck its engine soon after taking off from the New Islamabad International Airport. According to aviation sources, the pilots skilfully landed the plane back at the airport. The incident occurred during PIA flight PK325's departure to Quetta, with six crew…

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hina sani was traveling with seven other crew members all of whom had previously been designated as no fly personnel by canadian authorities photo express

” PIA air hostess held in Canada ” | Current Pulse | Pakistan

PAKISTANUpdated:March 31, 2024Share
" KARACHI:   A Pakistan International Airlines (PIA) female flight attendant -- assigned on a Canada-bound flight -- was detained at the Toronto airport after multiple passports were found in her possession. Hina Sani, who landed in Toronto on PIA flight PK-789, was held after Canadian immigration authorities found several passports belonging to different individuals in…

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photo file

” PIA to sell aircraft spare parts ahead of privatisation ” | Current Pulse | Business

BUSINESSUpdated:March 30, 2024Share
" ISLAMABAD: In a significant move ahead of the privatisation of Pakistan International Airlines (PIA), the airline's management has announced the sale of additional spare parts for various categories of aircraft, valued at millions of rupees. The management, focusing on streamlining resources, has decided to put spare parts of Boeing 737, Boeing 707, Fokker, and Cessna…

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PIA issues tender for selling spare parts before privatisation

” PIA issues tender for selling spare parts before privatisation ” | Current Pulse | Business

BUSINESSUpdated:March 30, 2024Share
" KARACHI: In a major step ahead of privatization, the management of Pakistan International Airlines (PIA) on Saturday issued tenders for the sale of spare parts of some of its planes. “PIACL is pleased to invite the sealed tenders for surplus aircraft B707, B737,CESSNA AND FOKKER parts inventory of listed in the attached Exhibit A…

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hina sani was traveling with seven other crew members all of whom had previously been designated as no fly personnel by canadian authorities photo express

” PIA airhostess arrested at Toronto airport for ‘passport fraud’ ” | Current Pulse | Pakistan

PAKISTANUpdated:March 29, 2024Share
" A Pakistan International Airlines (PIA) flight attendant was apprehended at Toronto International Airport for carrying ‘unauthorised’ passports for international travel. Express News learned from sources that Hina Sani, a member of the cabin crew, arrived in Toronto on PIA Flight PK-789. Allegedly, she was found in possession of passports that did not belong to…

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PIA air hostess arrested in Canada

” PIA air hostess arrested in Canada ” | Current Pulse | Breaking News

BREAKING NEWSUpdated:March 29, 2024Share
" The Canadian authorities on Friday arrested Pakistan International Airlines (PIA) airhostess for carrying multiple passports, ARY News reported. PIA steward Hina Sani, who arrived in Toronto on PK-789, was arrested as Canadian immigration authorities found multiple passports belonging to different individuals from her baggage. It has also been revealed that seven more flight attendants…

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پی آئی اے

” غیر متعلقہ پاسپورٹ رکھنے پر پی آئی اے کی فضائی میزبان ٹورنٹو ایئرپورٹ پر زیر حراست ” | Current Pulse | Breaking News

BREAKING NEWSUpdated:March 29, 2024Share
" پاکستان انٹرنیشنل ایئرلائنز (پی آئی اے) کی فضائی میزبان کو ٹورنٹو ایئرپورٹ پر حراست میں لے لیا گیا۔ پی آئی اے کی لاہور سے ٹورنٹو جانے والی  پرواز پی کے 789 پر تعینات خاتون فضائی میزبان کو ٹورنٹو ائیرپورٹ پر حراست میں لے لیا گیا۔ حنا ثانی نامی ائیر ہوسٹس سے مبینہ طور پر…

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segregation of client assets is critical as brokers have been penalised for using client money illegally photo afp

” PIA sell-off, IMF loan send PSX to new high ” | Current Pulse | Business

BUSINESSUpdated:March 28, 2024Share
" KARACHI: Pakistan Stock Exchange (PSX) on Wednesday soared to a record high as it crossed the 66,500 milestone over progress in the privatisation process for state-owned Pakistan International Airlines (PIA) and optimism about a new, larger International Monetary Fund (IMF) loan programme. As trading commenced in the morning, the bourse continued its upward march…

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photo file

” PIA Holding Company approves Rs268b debt restructuring ” | Current Pulse | Business

BUSINESSUpdated:March 28, 2024Share
" ISLAMABAD: The Pakistan International Airline Holding Company board on Wednesday approved the restructuring of the airline’s Rs268 billion commercial debt, incorporating it into the public debt. The term sheet was finalised by the Ministry of Finance with commercial banks. The government’s decision to merge the airline’s debt into public debt means that taxpayers will bear…

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design mohsin alam

” PIA board approves privatisation plan amid IMF talks ” | Current Pulse | Business

BUSINESSUpdated:March 27, 2024Share
" KARACHI: The board of directors of Pakistan International Airlines (PIA) has approved the government’s plan to privatise the national flag carrier ahead of the country securing a new International Monetary Fund (IMF) loan programme, estimating to fetch $250-300 million through the sell-off likely to a Middle Eastern country. Following its reconstitution on Friday, March…

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design mohsin alam

” Banks to get preferential treatment ” | Current Pulse | Business

BUSINESSUpdated:March 26, 2024Share
" ISLAMABAD: The federal government is set to provide preferential treatment to two domestic banks and is willing to take responsibility for their $88 million foreign currency lending to Pakistan International Airlines (PIA) without any restructuring. The handling of the foreign currency loan contrasts with the restructuring of PIA’s Rs243 billion domestic debt, which is…

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