PIA

Govt approves Rs17b bailout package to keep PIA afloat

Govt approves Rs17b bailout package to keep PIA afloat

ISLAMABAD: The government on Monday approved a Rs17-billion bailout package for Pakistan International Airlines (PIA) to keep the national flag carrier in the skies for the next two months amid a phenomenal increase in its losses that shot up to Rs360 billion.It is the first bailout package approved by the government of Prime Minister Imran Khan, […]

Audit slams PIA management as losses rise to Rs360 billion

Audit slams PIA management as losses rise to Rs360 billion

ISLAMABAD: The national carrier incurred a loss of Rs360 billion by the end of 2017, said an audit report submitted to the Supreme Court (SC) by the auditor general of Pakistan (AGP).The apex court in May had instructed the AGP to conduct an audit of Pakistan International Airlines (PIA) for the last 10 years.As part of the […]

900 sacked PIA employees reinstated after stay order

900 sacked PIA employees reinstated after stay order

LAHORE – At least 900 sacked employees of Pakistan International Airlines (PIA) have been reinstated after the issuance of stay order.The employees were terminated from their posts following several accusations including fake degree, fraud and absence.Details suggest that at least 388 employees were sacked for possessing a fake degree while 94 over forgery and fraud.Overall […]

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