Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

Govt spends Rs 600b annually to meet PIA losses: Pervaiz

byCT Report
05/02/2016
in Business
Share on FacebookShare on Twitter

LAHORE: The government spent a huge amount of Rs 600 billion annually on Pakistan International Airlines (PIA) to meet its losses but in vain, said Federal Minister for Information, Broadcasting and National Heritage Senator Pervaiz Rashid.

While talking to media after inaugurating Lahore International Book Fair at the Expo Centre, the minister said that the amount could be saved and spent on education and other job generating projects.

You might also like

Pakistan to host global mining investors at PMIF26 on November 12–13

28/10/2026

Geopolitical instability poses major threat to businesses and global economy: survey

27/10/2026

Pervaiz Rashid said that the government is making sincere efforts to make it a financially viable entity. He said that the loss of Rs 600 billion was jointly being borne by the people and the government. He further said that the government was working on different options to turn around the PIA, but it was necessary to reform the “mischievous elements” in the airline. Those elements were responsible for the present deplorable condition of the airline, he added.

“The PIA workers should join their duties and restart work in the larger public interest,” the minister said. Regarding the Essential Services Act, Pervaiz Rashid said it was invoked against those who disrupted flight operation by indulging in unlawful activities. The minister said the strike remained unsuccessful after he appealed to the PIA workers but the mischievous elements took to the roads and tried to stop work by force. He lamented the fact that respectable people lost their lives in the incident, adding that every Pakistani was saddened by the death of those persons after the strikers turned violent.

Related Stories

Pakistan to host global mining investors at PMIF26 on November 12–13

byCT Report
28/10/2026

ISLAMABAD: Pakistan will host its flagship minerals investment forum on November 12–13 in Islamabad, bringing together global mining leaders, investors...

Geopolitical instability poses major threat to businesses and global economy: survey

byCT Report
27/10/2026

ISLAMABAD: Geopolitical tensions, rising energy prices and persistent inflation are emerging as major threats to global economic growth and business...

Chinese business delegation vows deeper trade, joint ventures with Pakistan

byCT Report
26/10/2026

BEIJING: A high-level Chinese business delegation visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Capital Office in...

Business community appreciates EXIM Bank Scheme

byQaisar Mansoor
23/10/2026

ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan chaired a consultative meeting with leading exporters, industrialists and representatives of the...

Next Post

Islamic banking leading in Saudi Arabia

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.