Trends - IATA - Business Recorder

IATA

ECC advocates beleaguered PIA’s sell-off

Economic Coordination Committee directs that emphasis should be given to PIACL’s privatisation instead of restructuring as the national flag-carrier is on active list of privatisation

Updated 14 Sep, 2023 11:31am

Life & Style

Rising prices for travel do not appear to be curbing wanderlust

LONDON/CHICAGO/NEW YORK: The post-pandemic travel boom and the high ticket prices that come with it show no signs of...

Published 09 Aug, 2023 06:17pm

Life & Style

Pakistani passport retains status as fourth-worst in the world

The Henley Passport Index released its rankings for Q3 2023

Updated 19 Jul, 2023 06:03pm

Rs4bn TSG to be given: Govt to help PIAC secure Rs13bn commercial loans

ISLAMABAD: The government has decided to facilitate Pakistan International Airlines Corporation (PIAC) to secure...

Updated 04 Jul, 2023 09:11am

Business & Finance

Air travel to soar near record in 2023: industry group

ISTANBUL: Airlines will return to profit and fly a near-record 4.35 billion passengers this year, but the sector’s...

Published 06 Jun, 2023 05:33am

Business & Finance

Global airlines more than double 2023 profit outlook

ISTANBUL: Global airlines more than doubled their 2023 industry profit forecast to $9.8 billion from $4.7 billion on...

Published 05 Jun, 2023 12:33pm

Pakistan

IATA says blocked airline funds by countries including Pakistan threaten connectivity

Pakistan is among the top five nations in the world that have blocked airline funds

Updated 05 Jun, 2023 04:37pm

Pakistan

Air carriers face ‘very challenging’ environment as $290mn stuck in Pakistan: IATA

The International Air Transport Association (IATA), a trade association of global airlines, has warned that Pakistan...

Published 16 Mar, 2023 06:02pm

Air tickets: new rates of FED fixed

According to the new rates, the FED would be applicable on club, business and first-class air tickets issued on or after the date of commencement of the Finance (Supplementary) Bill 2023

Updated 21 Feb, 2023 12:40pm

Business & Finance

TAAP says Pakistan’s travel and tourism industry facing doom and gloom situation

The Travel Agents Association of Pakistan (TAAP) has urged the government of Pakistan and the State Bank to allow...

Published 15 Feb, 2023 09:01pm

Business & Finance

Airbus and Qatar Airways settle bitter A350 jet row

PARIS: Airbus and Qatar Airways have settled a dispute over grounded A350 jets, the companies said on Wednesday,...

Published 02 Feb, 2023 11:26am

World

Airlines slam ‘ineffective’ Covid tests for China travellers

PARIS: The global airline association criticised on Wednesday decisions by governments to impose Covid tests and...

Published 04 Jan, 2023 04:57pm

Business & Finance

Airlines see return to profit in 2023, clash with airports

GENEVA: Global airlines are predicting their first industry-wide profit since 2019 next year as air travel rebounds...

Published 12 Dec, 2022 06:07am

Business & Finance

IATA says Pakistan has blocked $225mn in airline funds from repatriation

Airline funds blocked from repatriation in more than 27 countries and territories with Pakistan among the top markets: IATA

Updated 08 Dec, 2022 04:48pm

Business & Finance

Airlines to return to profitability in 2023: IATA

GENEVA: The airline industry will become profitable again next year for the first time since 2019 as a snapback in...

Published 06 Dec, 2022 03:14pm

Business & Finance

Aviation chiefs warn of prolonged ticket price pain

DOHA: Aviation industry leaders warned Wednesday that travellers must brace for even higher ticket prices as the...

Published 26 Sep, 2022 08:08am

World

Global airlines chief slams new Heathrow restrictions

LONDON: The head of a body representing global airlines hit out at new restrictions at London’s Heathrow on...

Published 13 Jul, 2022 05:48am

Business & Finance

Air industry recovery gathering pace despite uncertainty: IATA

DOHA: Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry’s...

Published 21 Jun, 2022 05:51am

Business & Finance

Air industry recovery gathering pace despite uncertainty: IATA

DOHA: Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry’s...

Published 20 Jun, 2022 01:11pm

Business & Finance

Qantas, Airbus to invest up to $200mn to develop Australian sustainable aviation fuel industry

DOHA: Qantas Airways and Airbus said on Sunday they would invest up to $200 million to accelerate the development of...

Published 19 Jun, 2022 05:35pm

World

US drops COVID testing for incoming international air travelers

WASHINGTON: The United States late Friday rescinded a 17-month-old requirement that people arriving in the country ...

Updated 12 Jun, 2022 12:14pm

Pakistan

Renewal of IOSA registration: PIA successfully underwent operation safety audit by IATA

KARACHI: Pakistan International Airlines Corporation Limited (PIACL) successfully underwent operational safety audit...

Published 04 Jun, 2022 04:18am

Markets

Jet fuel cracks climb; China demand weakness weighs on recovery

SINGAPORE: Asian refining margins for jet fuel rose on Wednesday, buoyed by expectations for airline capacity...

Published 19 May, 2022 05:29am

World

China’s zero-Covid policy to hit Asia aviation recovery: IATA

SINGAPORE: China’s zero-Covid policy will hold back a full air travel recovery in the Asia-Pacific region, a top...

Published 17 May, 2022 02:48pm

Business & Finance

PIA could grow its annual revenues to $1.7bn by 2026

Under IATA consultancy business plan 2022-26, airline projected to break-even by 2025

Updated 02 Feb, 2022 02:13pm

Business & Finance

Omicron causes sharp drop in airline ticket sales: IATA

PARIS: Airline ticket sales have fallen sharply since the end of 2021, the International Air Transport Association...

Published 12 Jan, 2022 09:41pm

Pakistan

Inflight passengers: New kitchen menu from next week: PIA

ISLAMABAD: Pakistan International Airline (PIA) on Thursday announced that a new fresh Kitchen menu would be...

Published 15 Oct, 2021 04:08am

Opinion

China protest sets stage for UN plane emissions debate

Commercial aviation's key players are backing a target of net zero emissions by 2050, but high costs and opposition...

Published 09 Oct, 2021 04:10am

Business & Finance

Airlines to lose $51.8bn in 2021, stay in red in 2022: IATA

BOSTON: Global airlines will lose an estimated $51.8 billion in 2021 and another $11.6 billion in 2022 in the...

Published 04 Oct, 2021 06:48pm

Pakistan

ECC told: PIAC suffers Rs154.5bn losses in 3 years

ISLAMABAD: Pakistan International Airline Corporation (PIAC) has suffered Rs154.5 billion losses in last three years...

Updated 21 Sep, 2021 11:36am

Gainers
Losers
Leaders

Stock	Price
F.Credit & Inv / Dec 7 First Credit and Investment Bank Limited(FCIBL)	7.41 ▲ 1.00 (15.60%)
Jubilee Spinning / Dec 7 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	7.80 ▲ 1.00 (14.71%)
First Elite Cap.Mod / Dec 7 First Elite Capital Modaraba(FECM)	4.44 ▲ 0.50 (12.69%)
Kohinoor Power / Dec 7 Kohinoor Power Company Limited(KOHP)	5.60 ▲ 0.54 (10.67%)
P.T.C.L. / Dec 7 Pakistan Telecommunication Company Ltd(PTC)	8.91 ▲ 0.78 (9.59%)
Al-Shaheer Corp / Dec 7 Al Shaheer Corporation Limited(ASC)	11.52 ▲ 1.00 (9.51%)
K-Electric Ltd. / Dec 7 K-Electric Limited(KEL)	3.83 ▲ 0.31 (8.81%)
Dawood Equities / Dec 7 Dawood Equities Limited(DEL)	6.85 ▲ 0.55 (8.73%)
Agritech Limited / Dec 7 Agritech Limited(AGL)	12.52 ▲ 1.00 (8.68%)
IGI Life Ins / Dec 7 IGI Life Insurance Limited(IGIL)	14.01 ▲ 1.00 (7.69%)

Stock	Price
Saritow Spinning / Dec 7 Saritow Spinning Mills Limited(SSML)	7.36 ▼ -0.64 (-8.00%)
Fazal Cloth / Dec 7 Fazal Cloth Mills Limited(FZCM)	164.47 ▼ -13.33 (-7.50%)
Universal Network (GEM) / Dec 7 Universal Network Systems Limited (GEM)(GEMUNSL)	25.44 ▼ -2.06 (-7.49%)
Pak Leather / Dec 7 Pak Leather Crafts Limited(PAKL)	23.23 ▼ -1.77 (-7.08%)
Shezan Inter. / Dec 7 Shezan International Limited(SHEZ)	133 ▼ -9.81 (-6.87%)
LSE Ventures / Dec 7 LSE Ventures Limited(LSEVL)	5.20 ▼ -0.37 (-6.64%)
EMCO Industries / Dec 7 Emco Industries Limited(EMCO)	41.70 ▼ -2.69 (-6.06%)
Pak Hotels / Dec 7 Pakistan Hotels Developers Limited(PHDL)	471.05 ▼ -24.95 (-5.03%)
Haseeb Waqas / Dec 7 Haseeb Waqas Sugar Mills Limited(HWQS)	9.53 ▼ -0.45 (-4.51%)
Abdullah Shah / Dec 7 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	6.50 ▼ -0.30 (-4.41%)

Stock	Volume
K-Electric Ltd. / Dec 7 K-Electric Limited(KEL)	152,515,216 ▲ 0.31
Cnergyico PK / Dec 7 Cnergyico PK Limited(CNERGY)	74,175,323 ▲ 0.27
WorldCall Telecom / Dec 7 Worldcall Telecom Limited(WTL)	56,892,842 ▲ 0.06
Hascol Petrol / Dec 7 Hascol Petroleum Limited(HASCOL)	54,500,000 ▲ 0.27
Pak Refinery / Dec 7 Pakistan Refinery Limited(PRL)	42,648,059 ▲ 2.06
Pak Petroleum / Dec 7 Pakistan Petroleum Limited(PPL)	35,324,615 ▼ -0.13
P.T.C.L. / Dec 7 Pakistan Telecommunication Company Ltd(PTC)	33,926,500 ▲ 0.78
Hum Network / Dec 7 Hum Network Limited(HUMNL)	29,846,500 ▲ 0.19
The Searle Co. / Dec 7 The Searle Company Limited(SEARL)	28,896,273 ▲ 0.23
Oil & Gas Dev. / Dec 7 Oil & Gas Development Company Limited(OGDC)	28,693,019 ▼ -0.74

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 7	284.53
USD PKR Interbank Buying / Dec 7	284.03
USD to Japanese Yen / Dec 7	146.80
USD to Swiss Franc / Dec 7	0.88
Pound Sterling to USD / Dec 7	1.25
Euro to USD / Dec 7	1.08
UK LIBOR % / Dec 6	5.47

Stock	Volume
S&P 500 / Dec 6	4549.34
Nasdaq / Dec 6	14146.71
FTSE 100 / Dec 6	7515.38
Dow Jones / Dec 6	36054.43
Germany DAX 30 / Dec 6	16656.44
France CAC40 / Dec 6	7435.99
India Sensex / Dec 7	69549.02
Tokyo Nikkei / Dec 7	32831.35
Hang Seng / Dec 7	16268.89

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 6	17235
Gold 10 Grams PKR / Dec 6	186986
Crude Oil USD/Barrel / Dec 7	69.77
Gold Spot USD/Ounce / Dec 7	2026.24
Cotton US¢/pound / Dec 7	79.89

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