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 Pakistan PhotoNews 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

Pakistan FBR tax target

Pakistan Revises FBR Tax Target Down by Rs300-500B

Simeone Anfield incident

Diego Simeone Demands Protection for Managers After Anfield Fan Abuse

Imran Khan Bushra Bibi Toshakhana jewellery case

Toshakhana 2 Case: Key Witnesses Confess to Undervaluing Bulgari Jewellery Set

Post Archives

More Popular from Photonews

lazawaal ishq Pakistan's New Reality Dating Show
Entertainment

Lazawal Ishq’ Pakistan’s Steamy Love Island Style Show from Istanbul

2 Min Read
Who is Tyler Robinson Killed Charlie Kirk
Top NewsWorld

Who is Utah Student Tyler Robinson Arrested in Charlie Kirk Shooting?

4 Min Read
Nvidia UK data center investment
Tech

OpenAI and Nvidia CEOs to Support UK Data Center Investments

2 Min Read
Business

IMF to Review Pakistan’s Budget Agility Following Devastating Floods

The International Monetary Fund (IMF) shared deep condolences for the lives lost in Pakistan’s devastating floods.…

September 14, 2025
Pakistan

Imran Khan’s Legal Team Appeals to UN Over Alleged Torture in Detention

Former Pakistan Prime Minister Imran Khan's legal team filed an appeal with the UN Special Rapporteur…

September 14, 2025
Sindh

Sindh Govt Bans Vapes and Nicotine Products in School and Colleges

On Friday, September 12, 2025, the Sindh government announced a complete ban on tobacco and nicotine…

September 12, 2025
Pakistan

PTI Demands Release of Commonwealth Report on 2024 Pakistan Election

Pakistan Tehreek-e-Insaf (PTI) Information Secretary Sheikh Waqas demanded the Commonwealth Observer Group release its report on…

September 15, 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?