PIA privatization to conclude by end of Oct
MG News | September 10, 2024 at 10:40 AM GMT+05:00
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 | 170,330.56 209.36M | 0.81% 1376.85 |
| ALLSHR | 102,776.00 765.10M | 0.85% 863.00 |
| KSE30 | 50,737.15 66.77M | 0.77% 386.66 |
| KMI30 | 243,202.84 63.94M | 0.72% 1744.16 |
| KMIALLSHR | 66,614.20 338.53M | 0.70% 461.96 |
| BKTi | 46,313.18 13.24M | 1.10% 505.34 |
| OGTi | 35,066.80 5.64M | 0.45% 158.54 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 61,380.00 | 62,095.00 61,365.00 | -790.00 -1.27% |
| BRENT CRUDE | 92.19 | 93.26 91.66 | 0.74 0.81% |
| RICHARDS BAY COAL MONTHLY | 123.75 | 124.00 123.75 | -1.25 -1.00% |
| ROTTERDAM COAL MONTHLY | 133.20 | 133.40 133.00 | -3.55 -2.60% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 88.88 | 90.00 88.28 | 0.68 0.77% |
| SUGAR #11 WORLD | 14.14 | 14.23 13.97 | 0.02 0.14% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|