New Delhi, April 8 (IANS) Pakistan International Airlines (PIA) has scrapped most passenger discounts and cut flight frequencies as rise in jet fuel prices squeezed the air carrier’s finances, a new report has said.Pakistan-based Dawn cited a PIA spokesperson as saying that concessions are currently limited to children and infants, and all other fare discounts withdrawn.The move followed a high-level review of rising fuel costs and potential losses after Jet fuel (JP‑1) prices jumped signifi…
Latest Pakistan International Airlines News & Updates
Jaipur, March 24 (IANS) A balloon bearing the logo of Pakistan International Airlines (PIA) was recovered from a border village in Sri Ganganagar district of Rajasthan on Tuesday, prompting authorities to launch an investigation into its origin.The incident was reported from Village 11 Joiyawali in the Jaitsar area, where a local farmer alerted the police after spotting the object in his field.The farmer, Manpreet Singh, said he had gone to his farm to attend his irrigation turn when he noticed …
Washington, March 7 (IANS) A US congressional hearing erupted into sharp questioning after lawmakers this week challenged a federal real estate agreement involving Pakistan’s Defence Ministry and the Roosevelt Hotel in New York, asking why Washington is involved in redevelopment discussions around a foreign-owned property.The exchange took place during a hearing of the House Transportation and Infrastructure Subcommittee on Economic Development, Public Buildings, and Emergency Management, exam…
New Delhi, March 3 (IANS) The Indian Army has intensified surveillance and monitoring along the India-Pakistan border in Jammu and Kashmir as drone sightings have gone up considerably. The heightened surveillance comes in the wake of Pakistan trying to push more drones and balloons resembling aircraft into Jammu and Kashmir. The police in Jammu and Kashmir spotted and then seized a balloon that resembles an aircraft. The police found that the object had the inscription of Pakistan International …
New Delhi, Feb 14 (IANS) Pakistan’s fragile economy has received temporary relief after the United Arab Emirates rolled over $2 billion of maturing loans for one month at an interest rate of 6.5 per cent. The extension covers two separate $1 billion loans that matured in mid-January 2026. However, the short tenure of just one month highlights the continuing financial stress faced by Islamabad, as it negotiates for a longer rollover period of up to two years at a lower rate.The move underlines …
New Delhi, Feb 12 (IANS) The privatisation of Pakistan International Airlines (PIA) has been sold as a big reform to end decades of losses, but the opaque deal has turned out to be an example of institutionalised corruption, according to a media report.The Pakistan government has parked around Rs 650 billion of PIA’s historic liabilities into a holding company, which insulates the buyer from huge accumulated losses. A clean operating entity has been sold to a private consortium led by Arif Hab…
New Delhi, Jan 19 (IANS) The privatisation of Pakistan International Airlines (PIA) in 2025 halted the airline’s daily operational haemorrhaging but at a high moral and fiscal cost, a report has said, adding that it has come at the expense of the taxpayer.According to a report in The Express tribune, the official announcement that the “Arif Habib-led consortium won a 75 percent stake in PIA with a bid of PKR 135 billion, is misleading, and deceptive”.Dr Mohammad Zubair Khan, former Pakistan …
New Delhi, Jan 11 (IANS) The sale of Pakistan International Airlines has actually fetched the Pakistan government only Rs 10 billion, which is a fraction of the Rs 135 billion sale value that it has publicly announced, a Pakistani media report said.”The most misleading economic decisions are not dishonest. They are technically correct, structurally complex and publicly celebrated, yet deliver almost nothing a treasury can use,” according to an article in the Pakistani daily The News Internationa…
Srinagar, Dec 24 (IANS) Security forces on Wednesday recovered ten balloons carrying a Pakistani flag in Jammu and Kashmir’s north Kashmir area close to the Line of Control (LoC), promoting extra vigil and surveillance in these areas.Officials said the Pakistani flag attached to around ten balloons was sighted landing near Sarna Top in the Khadinayar area of J&K’s Baramulla district.“The object was noticed by a patrolling party of the Army’s 46 Rashtriya Rifles during routine area do…