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

Khunjerab becomes Trade Powerhouse as Pakistan earns Rs15b from Chinese imports

25/08/2026

PSW, PAA sign MoU to digitalize air cargo charge collection

25/08/2026

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

Khunjerab becomes Trade Powerhouse as Pakistan earns Rs15b from Chinese imports

byCT Report
25/08/2026

LAHORE: Pakistan’s northern trade gateway witnessed record-breaking performance, with Customs authorities collecting nearly Rs15 billion in revenue from imports through...

PSW, PAA sign MoU to digitalize air cargo charge collection

byCT Report
25/08/2026

ISLAMABAD: The Pakistan Single Window (PSW) and the Pakistan Airports Authority (PAA) have signed a Memorandum of Understanding to digitalize...

State Bank reveals cost of printing Rs5,000, Rs1,000 currency notes

byCT Report
25/08/2026

KARACHI: Producing a Rs5,000 or Rs1,000 currency note costs Rs14, State Bank of Pakistan officials told the Senate Standing Committee...

Pakistan receives over $763m in external assistance in July

byCT Report
25/08/2026

ISLAMABAD: Pakistan received more than $763 million in external financial assistance during July, the first month of the current fiscal...

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.