ISLAMABAD: The accountability watchdog has taken notice of the alleged use by a top official of the Civil Aviation Authority (CAA) of a Pakistan International Airline (PIA) plane for air safari of the Nanga Parbat. National Accountability Bureau (NAB) Chairman Javed Iqbal has ordered complaint verification against the CAA Director General Hassan Baig, who reportedly took the PIA’s plane scheduled ... Read More »
ISLAMABAD: Islamabad Stock Exchange here on Wednesday witnessed bearish trend as the ISE-10 index was down by 24.67 points and closed at 4,004.89 points. A total of 333,000 shares were traded, which were up by 283,500 shares when compared with previous day’s trading of 49,000 shares. Out of 155 companies, share prices of 44 companies recorded increase while share prices ... Read More »
LAHORE: Transporters and common citizens suffering due to drastic slash in the supply of petrol in the provincial capital of Punjab. Out of 300 gasoline stations in Lahore, only 25 to 30 were open on Friday where long queue of vehicles was seen. A representative of petroleum dealer association told to Customs Today that the remaining pumps, which are open, ... Read More »
LAHORE: Pakistan International Airlines (PIA) flight PK-758 from London has crash landed at the Allama Iqbal International Airport, however, the 172 passengers and the crew on board did not sustain any injuries. The crash landing was caused by the wheels of the plane being jammed. According to airport sources, minor damage was caused to the plane due to the crash ... Read More »
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet okayed the release of $16.46 million to the cash-starved Pakistan International Airlines to induct 15 aircraft on dry lease. The airline plans to spend $52m on the induction. The meeting, chaired by Finance Minister Ishaq Dar, decided that the first tranche ($16.46m) would be released to PIA this month. This amount ... Read More »
ISLAMABAD: The government on Wednesday blamed PTI chief Imran Khan and PAT leader Tahir-ul-Qadri led sit-ins for scrapping of OGDCL transaction after investors subscribed to only half of the total shares offered to international and domestic institutional investors, dealing the first blow to an ambitious privatisation agenda. Pakistan was planning to raise $ 4 billion by selling some key state-owned ... Read More »
ISLAMABAD: The government on Wednesday blamed PTI chief Imran Khan and PAT leader Tahir-ul-Qadri led sit-ins for scrapping of OGDCL transaction after investors subscribed to only half of the total shares offered to international and domestic institutional investors, dealing the first blow to an ambitious privatisation agenda. Pakistan was planning to raise $ 4 billion by selling some key state-owned ... Read More »
ISLAMABAD: The government scrapped Oil and Gas Development Company’s (OGDCL) transaction after investors subscribed to only half of the total shares offered to international and domestic institutional investors, dealing the first blow to an ambitious privatisation agenda. Pakistan was planning to raise $ 4 billion by selling some key state-owned enterprises (SOEs), including national carrier PIA but the plan seems ... Read More »
ISLAMABAD: The government scrapped Oil and Gas Development Company’s (OGDCL) transaction after investors subscribed to only half of the total shares offered to international and domestic institutional investors, dealing the first blow to an ambitious privatisation agenda. Pakistan was planning to raise $ 4 billion by selling some key state-owned enterprises (SOEs), including national carrier PIA but the plan seems ... Read More »
ISLAMABAD: The government scrapped Oil and Gas Development Company’s (OGDCL) transaction after investors subscribed to only half of the total shares offered to international and domestic institutional investors, dealing the first blow to an ambitious privatisation agenda. Pakistan was planning to raise $ 4 billion by selling some key state-owned enterprises (SOEs), including national carrier PIA but the plan seems ... Read More »
ISLAMABAD: The government scrapped Oil and Gas Development Company’s (OGDCL) transaction after investors subscribed to only half of the total shares offered to international and domestic institutional investors, dealing the first blow to an ambitious privatisation agenda. Pakistan was planning to raise $ 4 billion by selling some key state-owned enterprises (SOEs), including national carrier PIA but the plan seems ... Read More »
ISLAMABAD: On arrival of 8th Airbus A-320, Adviser to the Prime Minister on Aviation Affairs, Shujaat Azeem said that Pakistan International Airlines (PIA) will induct 10 more narrow body Airbuses and five ATR aircraft by the end of December, 2014. While talking to media during his visit to Benazir International Airport, the induction of more aeroplanes in PIA would help ... Read More »
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, under the chairmanship of Finance Minister Ishaq Dar, has decided to impose 20 per cent regulatory duty on the import of wheat due to rising trend of wheat imports despite a very good crop in the country. Meanwhile, the ECC also approved government guarantee for loans to PIA amounting to Rs12 ... Read More »
ISLAMABAD: On arrival of 8th Airbus A-320, Adviser to the Prime Minister on Aviation Affairs, Shujaat Azeem said that Pakistan International Airlines (PIA) will induct 10 more narrow body Airbuses and five ATR aircraft by the end of December, 2014. While talking to media during his visit to Benazir International Airport, the induction of more aeroplanes in PIA would help ... Read More »
LAHORE: The workers of Pakistan International Airlines went on a strike on Monday as the airline did not increase their wages. However, the PIA management is blaming Air League of PIA Employees for putting pressure over the issue of transfers of some officials. Sources said that several booking offices of the national airliner have been closed as well due to ... Read More »
ISLAMABAD: Government will finalize relevant modalities for the privatization of the Pakistan International Airlines Corporation (PIAC) in consultation with PIA management and all the stakeholders involved. These modalities are related to the transaction, including restructuring and divestment strategy, transaction structure, divestment mode and others. The Government of Pakistan is the principal stakeholder holding 85% share capital while 8% is held ... Read More »
ISLAMABAD: Minister of State for Parliamentary Affairs Sheikh Aftab Ahmad on Thursday informed the National Assembly that restructuring plan of the Pakistan International Airlines (PIA) through strategic partnership is on the cards. He said Privatization Commission has been given the task to pursue privatization of national airline by divesting 26% of its shares. This would save the airline from losses ... Read More »
ISLAMABAD: Supreme Court (SC) has been told that Naseer S M Jaffar, the news chairman of PIA, will soon assume charge of his office. A 3-member bench of SC headed by Chief Justice of Pakistan (CJP) Nasir ul Mulk took up PIA chairman appointment case for hearing Thursday. Attorney General (AG) while presenting report in the court told chairman PIA ... Read More »
ISLAMABAD: Nasser N S Jaffer, the CEO of Jaffer Group of Companies, has been appointed as chairman Pakistan International Airlines (PIA) by the Aviation Division. As per media reports, the new PIA chairman is appointed after approval from Prime Minister Nawaz Sharif. Thankful for being selected for the post, Jaffer said he would strive for transforming PIA into a profitable organisation ... Read More »
ISLAMABAD: In line with Prime Minister’s Youth Programme, PIA will establish 12 Aircraft Maintenance training centers across the county before mid 2015 to train the youth in this important field. This was announced by Advisor to Prime Minister on Aviation Shujaat Azeem while inaugurating second training Centre of PIA on Wednesday at Rawalpindi. Shujaat said that in two years our ... Read More »
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