PIA cargo’s revenue declines from Rs 6449 million to 3877 million

BusinessPIA cargo's revenue declines from Rs 6449 million to 3877 million

ISLAMABAD, Pakistan: The Pakistan International Airline (PIA)’s cargo system had witnessed a decline in revenue generation from Rs 6449.74 million to Rs 3877.91 million since 2006.

A document issued by Aviation Division revealed that PIA Cargo system for International and domestic constantly decreased its revenue during the said period.

The Cargo system generated only Rs 3877.91 million in 2015, Rs. 4679.88 in 2014, Rs 6347.91 in 2013, Rs 6862.89 in 2012, Rs 6967,66 in 2011 and Rs 7130.68 million in 2010.

Likewise, it generated Rs 6148.24 in 2009, Rs 6417.94 in 2008, Rs. 5852.68 in 2007 and Rs 6449.74 million in 2006.

According to the document the decline was witnessed due to implementation of ACC3 regulations by EU in 2014, narrow body operation especially on Pak-Gulf/KSA sectors where lot of demand for perishable commodity have, discontinuation of dedicated freighters and increase in competitors’ capacity.

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

Highlights of Pakistan Economic Survey 2022-23

ISLAMABAD, Pakistan: The Federal Minister for Finance and Revenue Senator Ishaq Dar on Thursday presented the Pakistan Economic Survey 2022-23, a comprehensive analysis of...
UAE 4 Day Work Week - All you need to know

UAE 4 Day Work Week – All you need to know

ABU DHABI, UAE: The United Arab Emirates (UAE) government has denied a news report circulating on social media platforms regarding the change of working...

Sadiq Sanjrani terms his visit to Russia a historic one

ISLAMABAD, Pakistan: During his four-day visit to Russia, the Chairman Senate Muhammad Sadiq Sanjrani held meetings with Russian Parliamentarians and Government officials to strengthen...

PM Shahbaz Sharif witnesses Signing Ceremony of TAPI’s Pipeline Joint Implementation Plan

Says TAPI to further strengthen energy security of Pakistan and regionISLAMABAD, Pakistan: A high-ranking Turkmenistan delegation headed by the State Minister and Head...
Honda Cd 70 review

Honda CD 70 and Honda 125 bike prices may increase – Budget 2023

With the Federal Budget 2023-24 around the corner, it is expected that prices of Honda CD 70 and Honda 125 motorcycles may rise as...