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Tag: PIA Losses

pia profits
Pakistan
  • Web Desk
  • Apr 08, 2025
PIA posts profit after two decades of consistent losses

The last time PIA reported a profit was in 2003. Since then, the airline had been mired in financial trouble, accumulating heavy losses.

Business
  • Web Desk Karachi
  • Feb 26, 2025
Parliamentary report links PIA’s decline to Open Sky Policy, management failures

The implementation of the Open Sky Policy has resulted in a dramatic reduction of PIA’s market share from 50 percent to just 20 percent.

8 state owned companies Rs2201 billion
Business
  • Hum News
  • Sep 09, 2023
PIA’s path to recovery: Govt injects ‘critical funds’ to settle debts

Pakistan International Airlines (PIA), grappling with its financial burdens, announced on Saturday that it has found relief as the government injected critical funds into the national carrier. In a statement shared on the social media platform X (formerly known as Twitter), PIA disclosed that the government of Pakistan has stepped in to provide vital financial support, leading to an alleviation of the airline’s fiscal challenges. Additionally, PIA affirmed that its restructuring efforts are progressing as planned.

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