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 Breaking News

PIA incurs Rs280m loss after suspension of EU flights

byCT Report
16/09/2020
in Breaking News, Business, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: The Pakistan International Airlines (PIA) incurred a loss of Rs280 million after suspension of its flight operation to and from the European Union (EU) states, Aviation Minister Ghulam Sarwar informed the National Assembly on Wednesday.

In a written reply, he said the national flag carrier’s receipts from its flight operation in the EU bloc fell to Rs1.41 billion from Rs1.69 billion in July-August 2020.

You might also like

Pakistan-Sri Lanka trade stagnant despite duty-free access

28/10/2026

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

28/10/2026

However, the minister said the airline raked in a sum of Rs520 million from its Pakistan-UK flights during this period. He said it hired the services of Malta company for flights between the two countries besides operating four roundtrip charter flights during coronavirus lockdowns. The PIA raked in Rs5.81 billion revenue as against expenditure to the tune of Rs5.31 billion, he added.

Sarwar said the Pakistan International Airlines also resumed flights to Canada, UAE, Oman, Qatar, Malaysia, Afghanistan, and Saudi Arabia.

In July, the European Union Air Safety Agency (EASA) had suspended the authorisation for the PIA to operate in the bloc for six months. “EASA has temporarily suspended PIA’s authorisation to operate to the EU member states for a period of 6 months effective July 1, 2020, with the right to appeal against this decision,” a Pakistan International Airlines statement had said.

Related Stories

Pakistan-Sri Lanka trade stagnant despite duty-free access

byCT Report
28/10/2026

KARACHI: Consul General of Sri Lanka in Karachi P.K. Sanjeewa Pattiwila has called for a more proactive approach to Pakistan-Sri...

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...

FBR denies widespread irregularities in courier-imported phone clearance

byCT Report
28/10/2026

LAHORE: The Federal Board of Revenue (FBR) has found no similar cases nationwide after investigating alleged irregularities in the customs...

Pakistan expects $3b trade boost from maritime insurance relief

byCT Report
28/10/2026

ISLAMABAD: Pakistan expects commercial activity worth around $3 billion to benefit from reduced maritime insurance costs following the country’s removal...

Next Post

SBP to review existing key policy rate of 7pc on September 21

  • 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.