PIA incurring Rs.6b loss every month amidst coronavirus pandemic – Research Snipers

PIA incurring Rs.6b loss every month amidst coronavirus pandemic

The national air carrier Pakistan International Airlines (PIA) has incurred a loss of around Rs. 6 billion every month due to the coronavirus restrictions. This was revealed by the Chief Executive Officer (CEO) PIA, Air Marshal Arshad Malik in a meeting with Prime Minister Imran Khan.

The meeting was attended by the Federal Aviation Minister Ghulam Sarwar Khan, Information and Broadcasting Minister Senator Shibli Faraz, Advisor to PM on Reforms Dr. Ishrat Hussain, Special Assistant Lt Gen (r) Asim Salim Bajwa and other senior officials.

During the meeting, Malik informed the PM that yearly Rs. 24 billion alone is spent on the payment of salaries to its 14,500 employees.

Also, Malik apprised the Prime Minister regarding the updates on the PIA plane crash investigations, handing of bodies to the bereaved families, and compensation payments to heirs.

Also read: PIA To Cut Employees’ Salaries Up To 25 Percent

He submitted a timeline to the premier on PIA’s restructuring and a detailed roadmap over reforms and implementation.

PM said, “Due to the ongoing situation, it was imperative to expedite restructuring and reforms process in the PIA, which had been running into billions of rupees loss owing to Covid-19.”

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