Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: PIA Secures Rs17 Billion Loan: A Beacon of Hope for the Financially Strained Airline
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PIA Rs17 Billion Loan
PhotoNews Pakistan > Business > PIA Secures Rs17 Billion Loan: A Beacon of Hope for the Financially Strained Airline
Business

PIA Secures Rs17 Billion Loan: A Beacon of Hope for the Financially Strained Airline

Web Desk
By Web Desk Published September 18, 2023 1 Min Read
Share
SHARE

In a crucial development, Pakistan International Airlines (PIA), currently facing financial difficulties, has secured a vital Rs17 billion bank loan, a move that signifies a step towards financial stability for the airline.

This newfound financial support not only facilitates the immediate payment of employee wages but also revitalizes the airline’s service operations, guaranteeing the sustained provision of essential flight services.

A PIA representative conveyed positivity about the acquisition of the loan, noting that it has allowed for the smooth payment of salaries and uninterrupted flight operations, bringing much-needed reassurance to employees and dedicated customers who have been witnessing unstable times concerning the airline’s future prospects.

Recently, PIA spokesperson Abdullah Hafeez Khan emphasized the airline’s focused efforts on meeting its financial responsibilities both domestically and globally. Furthermore, it has been reported that the fresh capital will also be utilized to settle debts with fuel companies and hasten the acquisition of necessary aircraft spare parts, enhancing the fleet’s safety and operational efficiency.

Read: PIA’s Race Against Time: Caretaker Government Calls for Urgent Privatization

TAGGED:FeaturedPak­istan
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Colombia U.S. sovereignty violation

Colombia’s President Petro Accuses Trump of Violating Sovereignty

Hamas hostage remains

Hamas Returns Hostage Remains as Gaza Ceasefire Faces Challenges

Anti-Smog Gun Lahore

Punjab Launches Anti-Smog Gun in Lahore, Cuts Air Pollution by 70%

Post Archives

More Popular from Photonews

NADRA e-Katchery online complaints
Pakistan

NADRA Launches Online Complaint Redressal via Live e-Katchery

2 Min Read
Kim Kardashian Tom Brady dating rumors
Entertainment

Kim Kardashian Breaks Silence on Tom Brady Dating Rumors

2 Min Read
Kevin Federline Britney Spears knife
Entertainment

Kevin Federline Alleges Britney Spears Held Knife While Watching Sons Sleep

3 Min Read
World

Samsung Family to Sell $1.22B in Shares to Cover Inheritance Tax

Samsung Electronics announced that Chairman Jay Y. Lee's family, including his mother, Hong Ra-hee, and sisters,…

October 18, 2025
Pakistan

Pakistan Braces for Coldest Winter in Decades Due to La Niña Amid Flood Crisis

UN-OCHA reported that Pakistan faces one of its coldest winters in decades due to the La…

October 14, 2025
Entertainment

Bella Hadid Undergoes Intensive Lyme Disease Treatment in Germany

Yolanda Hadid shared emotional photos on social media, revealing her daughter Bella Hadid’s ongoing battle with…

October 13, 2025
Offbeat

Scientists Use Living Brain Organoids for Biocomputing

In a Swiss laboratory near Lake Geneva, scientists are growing tiny brain organoids from human stem…

October 17, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?