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Tag Archives: PIA

PIACL privatisation reaches first financial close

–Pakistan transfers management control of PIA to investor consortium after completing the first financial closing of the Rs180 billion privatisation transaction BeNewz Report ISLAMABAD: The Government on Monday transferred management control of Pakistan International Airlines Corporation Limited–PIACL–to an investor consortium led by Arif Habib Corporation Limited after successfully achieving the first …

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PIA resumes London flights after six years

—PIA restarts direct Islamabad-London Heathrow service, marking return to UK market after safety reforms and privatization Aftab Maken ISLAMABAD: Pakistan International Airlines on Sunday relaunched direct flights to London, ending a six-year suspension on the high-demand UK route, as the national carrier seeks to rebuild its global standing after safety …

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Hajj flights from Pakistan start April 18

–Ministry of Religious Affairs issues Hajj flight schedule, directs pilgrims to check Pak Hajj app for travel details BeNewz Report ISLAMABAD: The Ministry of Religious Affairs has released the Hajj flight schedule, announcing that Hajj flights from Pakistan will begin on April 18, according to an official statement issued in …

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PIA to revalue five key properties

Aftab Maken ISLAMABAD: Pakistan International Airlines (PIA) has decided to carry out a fresh valuation of five of its major properties across the country and has invited applications from government-registered firms to undertake the assessment, in what appears to be part of broader efforts to improve transparency and manage its …

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PIA privatization bidding set for tomorrow: Three contenders vie for 75% stake in national carrier

Aftab Maken ISLAMABAD: The privatization process for Pakistan International Airlines (PIA) is set to reach its climax tomorrow (December 23, 2025), with sealed bids to be submitted and opened in a live broadcast for transparency. The bidding will cover a 75% stake in the flag carrier, marking a crucial step …

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PIA’s “profit”: A dangerous illusion masking deeper financial woes

Aftab Maken ISLAMABAD:  Pakistan International Airlines (PIA) recently trumpeted a “profit” of Rs 13.1 billion for the first half of FY2025, a claim that, on the surface, might suggest a miraculous turnaround for the beleaguered national carrier. However, a deeper dive into the government’s own State-Owned Enterprise (SOE) report reveals …

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