PIA Offers Major Discounts on International Airfares After FED Waiver

PIA Offers Major Discounts on International Airfares After FED Waiver

Pakistan International Airlines (PIA) has announced significant reductions in international flight fares following the recent approval of a Federal Excise Duty (FED) waiver. This move comes after the International Monetary Fund (IMF) agreed to the Pakistani government’s request for the waiver, providing relief for international travelers. Huge Savings for International Travelers The FED waiver applies … Read more

PAF to Acquire PIA’s Engineering Unit for Rs6.5 Billion

PAF to Acquire PIA’s Engineering Unit for Rs6.5 Billion

The Pakistan Air Force (PAF) is set to take over the Precision Engineering Complex (PEC), a key business unit of Pakistan International Airlines (PIA), in a deal valued at Rs6.5 billion. The transaction marks a major step in PIA’s restructuring process, aimed at offloading non-core assets and managing its staggering financial liabilities. Transaction Details and … Read more