BR100 Increased By (1.82%)
BR30 Increased By (1.76%)
KSE100 Increased By (2.08%)
KSE30 Increased By (2.29%)
BECO 5.39 No Change ▼ 0.00 (0%)
BML 57.46 Increased By ▲ 0.98 (1.74%)
BOP 36.31 Increased By ▲ 1.22 (3.48%)
CNERGY 8.21 Increased By ▲ 0.04 (0.49%)
DCL 11.83 Increased By ▲ 0.39 (3.41%)
FCCL 59.28 Increased By ▲ 1.73 (3.01%)
FCSC 5.01 Increased By ▲ 0.01 (0.2%)
FFL 17.85 Decreased By ▼ -0.03 (-0.17%)
FNEL 1.26 Increased By ▲ 0.01 (0.8%)
HUMNL 11.50 Increased By ▲ 0.33 (2.95%)
KEL 8.33 Decreased By ▼ -0.21 (-2.46%)
KOSM 6.63 Decreased By ▼ -0.10 (-1.49%)
MLCF 107.43 Increased By ▲ 0.52 (0.49%)
NBP 205.01 Increased By ▲ 6.51 (3.28%)
PACE 11.10 Increased By ▲ 0.03 (0.27%)
PAEL 45.42 Decreased By ▼ -0.03 (-0.07%)
PIAHCLA 31.76 Increased By ▲ 0.33 (1.05%)
PIBTL 18.85 Decreased By ▼ -0.23 (-1.21%)
PPL 243.74 Increased By ▲ 1.12 (0.46%)
PRL 36.24 Increased By ▲ 0.57 (1.6%)
PTC 72.07 Increased By ▲ 6.55 (10%)
SEARL 94.58 Increased By ▲ 0.04 (0.04%)
SSGC 31.85 Decreased By ▼ -0.23 (-0.72%)
TELE 9.02 Increased By ▲ 0.15 (1.69%)
THCCL 68.47 Increased By ▲ 2.81 (4.28%)
TPLP 10.72 Decreased By ▼ -0.01 (-0.09%)
TREET 25.89 Increased By ▲ 0.78 (3.11%)
TRG 64.31 Increased By ▲ 0.64 (1.01%)
WAVES 10.91 Increased By ▲ 0.21 (1.96%)
WTL 1.29 Increased By ▲ 0.04 (3.2%)
Business & Finance

PIA to introduce voluntary retirement scheme for employees

  • According to sources, it will take 14 days to approve applications for the scheme.
Published October 9, 2020 Updated October 9, 2020 02:13pm

Pakistan International Airlines (PIA) has decided to introduce a voluntary retirement scheme for its employees, which will benefit 2700 employees.

As per details, the national carrier has made a big decision for its employees and will introduce the voluntary retirement scheme in November.

According to sources, it will take 14 days to approve applications for the scheme.

Sources said that the scheme would be approved by the Economic Coordination Committee while the federal cabinet had already approved it. According to officials, the total profit of PIA is Rs 7 billion.

Just days ago, the national carrier sacked 29 employees as part of the company's reforms and accountability process, the total number of sacked employees of PIA has reached 206.

Comments

Comments are closed for this article.