Preparations for the bidding process have been finalized at a private hotel in the capital. Of the six potential bidders, only the Blue World City consortium has submitted an advance payment, confirmed by sources from the Privatization Commission. Both the bid submission and opening for Pakistan International Airline’s purchase are set to occur on the […]
As per details, PIA flight steward Faisal Majeed was caught with 16 expensive phones upon arrival at the Islamabad airport from Canada via flight PK-782. Majeed was caught with phones wrapped around his body during checking by the customs officials. Following the incident, the PIA staffer was given a show-cause notice to respond within three […]
As per the details, PIA has been declared as the official airline of IDEAS 2024. The PIA will use its planes for the publicity of IDEAS 2024. In this context, logos of IDEAS 2024 have been pasted on two Boeing 777 and two Airbus of the Pakistan International Airlines. The International Defence Exhibition and Seminar […]
According to details, the privatization list was prepared by the Ministry of Privatisation following the approval of the federal cabinet. In the first phase, the plan outlines the privatization of 10 institutions within one year. According to the plan, Pakistan International Airlines (PIA) and Roosevelt Hotel in New York, the Agricultural Development Bank, First Women […]
He was responding to a call attention notice moved by PPP’s Asifa Bhutto Zardari in the National Assembly. Ms. Bhutto in her call attention notice stated that the closure of Utility Stores Corporation will result in the unemployment of 25,000 employees. The minister said we are only talking about restructuring the organization. He said the […]
Saif Anjum briefed the Senate Standing Committee on the decision and presented proposals to the panel to shut down utility stores. The proposals, prepared by the rightsizing Committee, include shutting down utility stores and other entities to reduce expenses. According to sources, the federal government lacks funds to operate the stores, leading to the decision […]
As per details, the decision was taken by the federal cabinet in a meeting held here in Islamabad, the sources said and added that the five-year privatization program will be completed in three phases. In the first phase, privatization of Pakistan International Airlines (PIA), House Building Finance Corporation (HBFC), Faisalabad Electric Supply Company, Islamabad Electric […]
According to details, PIA has issued a report regarding aircraft hit by birds in 2024 so far. According to the report, 38 bird-hit incidents were reported from January to June. The incidents were reported in Islamabad, Multan, Faisalabad, Gilgit, Sukkur, Jeddah and Dubai. The report added five out of the 38 PIA planes were damaged […]
According to the PIA spokesperson, the 14 percent discount will be applicable on bookings made between August 1 and August 14 this year. The PIA spokesperson confirmed that the travel period for flights from Toronto to Pakistan must be between August 15 and November 14 to avail of this discount. It is worth noting that […]
The airline’s assets and liabilities have been divided between the PIA and a holding company. The government has disclosed that the total value of the PIA’s assets is Rs171.43 billion. Once the privatization process is completed, the PIA’s assets along with its liabilities will be divided between the holding company and the new company taking […]
