PIA seeks Rs15bn loan, urgently appeals to govt for financial assistance – Uptrends

PIA seeks Rs15bn loan, urgently appeals to govt for financial assistance – Uptrends

  Pakistan International Airlines (PIA) has urgently appealed to the government for financial assistance, seeking relaxation from the State Bank of Pakistan (SBP) to arrange a loan of Rs15 billion from commercial banks. Facing operational challenges and potential risks of suspension, the Civil Aviation Authority (CAA) has already granted a Rs5 billion facility to keep … Read more

PIA sends SOS to govt for Rs15bn loan amid liquidity crisis – Uptrends

PIA sends SOS to govt for Rs15bn loan amid liquidity crisis – Uptrends

  Finance ministry has so far refused to rescue the PIA and is reluctant to take any firm decision All PIA flights to Europe have been temporarily cancelled for a period of six months. — AFP/File CAA grants Rs5bn billion facility to keep PIA afloat. Finance ministry refuses to provide any guarantees. Aviation ministry makes last-ditch … Read more