Tag: PIA

Cabinet briefed on progress of PIA privatization

Prime Minister Muhammad Shehbaz Sharif chairs meeting of the Federal Cabinet in Islamabad on 26th April 2024.

ISLAMABAD, Apr 26 (APP): The Federal Cabinet was informed on Friday that the privatization process of Pakistan International Airlines (PIA) was on track and several companies were taking keen interest in the airlines. Federal Secretary for Privatization briefing the cabinet regarding the recent progress of PIA’s privatization process, told that the advertisements inviting expressions of… Continue reading Cabinet briefed on progress of PIA privatization

Pakistan initiates discussing new multi-billion loan programme with IMF

ISLAMABAD, Apr 16 (APP): Pakistan has initiated discussions with the International Monetary Fund (IMF) over a new multi-billion dollar loan agreement to support its economic reform program, Federal Minister for Finance and Revenue, Muhammad Aurangzeb said. With the final $1.1 billion tranche of Standby Arrangement (SBA) likely to be approved later this month, Pakistan has… Continue reading Pakistan initiates discussing new multi-billion loan programme with IMF

PM, cabinet members forego salaries, perks to promote austerity

ISLAMABAD, Mar 20 (APP): Prime Minister Shehbaz Sharif and members of the federal cabinet on Wednesday decided to voluntarily forego their salaries and perks as part of the government’s efforts to promote austerity. The decision was made in a cabinet meeting chaired by the prime minister which took up different agenda items including the briefing… Continue reading PM, cabinet members forego salaries, perks to promote austerity

PM for removing hurdles to expedite privatisation process

ISLAMABAD, Mar 7 (APP):Prime Minister Muhammad Shehbaz Sharif on Thursday stressed for expediting the privatisation process of those State Owned Enterprises (SOEs), causing constant dent to the national exchequer, to stabilize the national economy and provide maximum relief to the common man. “Obstacles in the process of privatisation be removed at the earliest so that… Continue reading PM for removing hurdles to expedite privatisation process

PayPak debit card-holders to enjoy 15% discount on PIA flights

ISLAMABAD, Feb 15 (APP):A state-of-the-art Pakistan’s first and the only domestic payment scheme (DPS) is ensuring the utmost security of payment not only for ATM for cash withdrawal but also at POS terminals while shopping at all merchant outlets across Pakistan, MGMM communication 1link Seema Sultan Ali Kaswani said on Thursday. Pakistan’s two flagship institutions,… Continue reading PayPak debit card-holders to enjoy 15% discount on PIA flights

Federal Cabinet approves restructuring of PIA

ISLAMABAD, Feb 6 (APP): The Federal Cabinet on Tuesday approved the restructuring of Pakistan International Airlines (PIA) on the recommendation of the Privatization Division. The cabinet, in its previous meeting approved the appointment of a financial advisor for financial and administrative restructuring of the airlines. The cabinet, in a meeting chaired by Caretaker Prime Minister… Continue reading Federal Cabinet approves restructuring of PIA

Pakistan to streamline aviation industry with regulatory framework: Fawad

ISLAMABAD, Nov 16 (APP):Caretaker Minister for Privatization Fawad Hassan Fawad stated on Thursday that the caretaker government is developing a regulatory framework to enhance Pakistan’s aviation industry. The privatization of Pakistan International Airline (PIA) will be carried out in phases, he mentioned during an interview with a private television channel. Fawad emphasized the significant annual… Continue reading Pakistan to streamline aviation industry with regulatory framework: Fawad

Pakistan Civil Aviation Authority along with different agencies including Pakistan Army, Pakistan Air Force, City District Government, Health Services and PIA, Ambulances of various City Government Hospitals, Rescue 1122 and CAA Medical/Fire Services successfully conducted full scale Airport Emergency Exercise at Bacha Khan International Airport

APP20-231023 PESHAWAR: October 23 – Pakistan Civil Aviation Authority along with different agencies including Pakistan Army, Pakistan Air Force, City District Government, Health Services and PIA, Ambulances of various City Government Hospitals, Rescue 1122 and CAA Medical/Fire Services successfully conducted full scale Airport Emergency Exercise at Bacha Khan International Airport. APP/SYR/MAF/TZD/FHA
APP20-231023PESHAWAR

SOEs running into losses add to economic woes: PM

ISLAMABAD, Oct 11 (APP): Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday said that the country was facing financial problems and those state owned enterprises (SOEs) which had been incurring losses, were adding to these economic woes. The prime minister chaired a high-level meeting over the affair of Pakistan International Airlines (PIA). The meeting was given… Continue reading SOEs running into losses add to economic woes: PM

PM for expediting PIA privatization process

ISLAMABAD, Sep 14 (APP):Caretaker Prime Minister Anwaar ul Haq Kakar on Thursday directed Caretaker Minister for Privatization Fawad Hasan Fawad to oversee the process of privatization of Pakistan International Airlines (PIA) and complete it on a fast track basis. Chairing a meeting on matters related to PIA, the prime minister said process needed to be… Continue reading PM for expediting PIA privatization process

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