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

Cement Sales Rise 7% in September 2026

03/10/2026

FoST partners with Wateen Telecom to deploy GPON & AI-based surveillance at FRTZ

02/10/2026

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

Cement Sales Rise 7% in September 2026

byCT Report
03/10/2026

ISLAMABAD: Pakistan’s cement dispatches increased by 5.95% year-on-year to 4.621 million tons in September 2026, driven mainly by stronger domestic...

FoST partners with Wateen Telecom to deploy GPON & AI-based surveillance at FRTZ

byCT Report
02/10/2026

KARACHI: Wateen Telecom, Pakistan’s leading ICT and digital solutions provider, has entered into a strategic partnership with FonGreen Silicon Technologies...

LPG prices rise sharply as OGRA sets October rates

byCT Report
01/10/2026

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced a significant increase in liquefied petroleum gas (LPG) prices for...

McDonald’s Pakistan celebrates 28 years, recognises partners

byCT Report
30/09/2026

ISLAMABAD: McDonald’s Pakistan has marked 28 years of operations in the country by recognizing the local businesses and organizations that...

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.