National airlines operating in Pakistan

National AssemblyNational airlines operating in Pakistan

The following are the National airlines operating in Pakistan:

  • Serena Air Pvt Ltd.
  • Air Blue
  • Fly Jinnah
  • Air Sial
  • PIA

Loans against PIA stand at Rs 429.267 billion

The Minister for Aviation Khawaja Muhammad Asif told the National Assembly on April 01, 2024 that the total amount of domestic and foreign loans against Pakistan International Airlines (PIA) stands at Rs 429.267 billion.

In a written reply to a question, Khawaja Asif told the house that the PIA obtained a total of Rs 268.2 billion in bank loans and Rs 161.067 billion loan from the government of Pakistan as on September 30, 2023.

Bank LoansPKR (241.704 + 26.504) billion = PKR 268.2
GOP LoanPKR 161.067 billion
TotalPKR 429.267 billion

The minister said that the PIA obtained these loans to deal with cash flow constraints and to induct aircraft, engines, and procure spares for the sustenance of operational requirements.

No airports partially or completely outsourced at present

Furthermore, he told the House that the is no airports has been partially or completely outsourced to any foreign institution at present.

However, the government is making efforts to outsource Islamabad international Airport (IIAP) in the first phase, he said.

The aviation minister also told that the New Islamabad International Airport has not been named to any recognized personality. The name of Islamabad International Airport was formally declared by the Cabinet Division Memorandum dated March 7, 2018.

Presently, there have no proposal under consideration to name the Islamabad International Airport after that the Prime Minister of the Country Liaquat Ali Khan in view of his rendered services for the creation of Pakistan, the House was told.

Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Reko Diq

Political facilitation of Supreme Court threats economic stability in Pakistan

By Agha Iqrar HaroonThe announcement of the decision of the Full Bench of the Supreme Court of Pakistan in the case of the reserved...
Taimoor Ul Hassan UCP

Research and technology in Pakistan: Where we went wrong?

By Dr Taimoor Ul Hassan Higher education authorities' policy of increasing the number of PhDs in the country to justify the massive funds they...

Is the Higher Judiciary not abrogating the Constitution by rewriting it?

Islamabad, Pakistan: Since the announcement of the decision of the Full Bench of the Supreme Court of Pakistan that annulled the decision of the...

President Zardari for collaborative efforts to ensure sustainable development

ISLAMABAD, Pakistan: President Asif Ali Zardari has called for collaborative efforts by the Eastern nations to ensure sustainable development and common prosperity through China’s...

Civil Society Organizations oppose a dummy Minorities’ Rights Commission

ISLAMABAD Pakistan: Observing fault lines in the bill moved as private member bill in the National Assembly on July 09, 2024, the participants of...