PIA privatization to conclude by end of Oct

MG News | September 10, 2024 at 10:40 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 10, 2024 (MLN): The privatization process of the Pakistan International Airlines (PSX: PIA) would be completed by the end of October 2024, Federal minister for defence Khawaja Asif informed the national assembly on Monday

Responding to a calling attention notice regarding the prolonged closure of Hyderabad airport for commercial flights, he said that reopening PIA flights on this route is not financially feasible, as APP reported.

He explained that PIA currently faces a debt burden of Rs800 billion, and routes that are not financially viable cannot be operated.

Responding to a question, he said that the government has no objection if a private airline wanted to operate from Hyderabad airport.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	180,104.61 388.90M	-0.11% -206.60
ALLSHR	108,838.05 888.10M	-0.14% -150.10
KSE30	53,603.57 82.09M	-0.20% -109.40
KMI30	252,988.26 112.53M	-0.14% -356.16
KMIALLSHR	69,789.36 622.55M	0.02% 11.95
BKTi	51,939.19 21.86M	-0.35% -181.79
OGTi	35,691.88 10.10M	0.01% 3.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,045.00	63,150.00 62,800.00	70.00 0.11%
BRENT CRUDE	88.82	88.95 86.20	1.75 2.01%
RICHARDS BAY COAL MONTHLY	110.00	110.00 110.00	-0.65 -0.59%
ROTTERDAM COAL MONTHLY	122.30	122.30 122.30	0.30 0.25%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	82.40	82.99 80.71	1.15 1.42%
SUGAR #11 WORLD	16.60	16.85 16.50	-0.22 -1.31%