Trends - PIA - Business Recorder

PIA

PIA starting flights to another Saudi City

The Pakistan International Airlines (PIA) has announced that it will begin flight operations to and from Abha to facilitate Pakistanis living there.

Published 15 Dec, 2020 02:49pm

Pakistan

PIA introduces voluntary separation scheme for 14 days

Employees under the age of 58 are eligible to avail the separation scheme.
The employees seeking departure under the scheme would be paid his or her dues on January 31, 2021.

Published 07 Dec, 2020 05:14pm

Pakistan

Pakistani flights denied by EU once again

In June, the European Union Aviation Safety Agency (EASA) had banned the national flag carrier from flying to European locations over safety concerns. The EASA took the initiative days after PIA grounded several pilots over "dubious qualifications licenses" and in view of the PIA Airbus crash incident on May 22.

Updated 03 Dec, 2020 08:05pm

Business & Finance

PIA Adds 8 New Aircrafts on Dry Lease & Agrees to Daily Cargo Flights to China

PIA will be adding 8 new narrow-body aircraft to its fleet on dry lease.
The national aircraft carrier has also signed an agreement with Oriental Sky Aviation Ltd to send daily direct cargo flights to China.

Updated 03 Dec, 2020 05:01pm

Business & Finance

PIA offers 30pc discount on domestic flights

The purpose of these fares was to facilitate travel of people to their homes and loved ones during these holidays at a much more affordable price.

Published 03 Dec, 2020 10:48am

Pakistan

PIA terminates 24 employees over fake degrees, corrupt practices

The national carrier issued letters of displeasure and caution to eight employees, whereas, eight workers were cleared in the inquiries against them

Published 02 Dec, 2020 03:21pm

Business & Finance

PIA commence Umrah flights to Medina

He said as per arrangement return airfare inclusive of all relevant taxes for economy class from Karachi will be Rs 91,000 and that from other cities would be Rs 96,000.

Published 10 Nov, 2020 02:35pm

Business & Finance

PIA to bolster flights to KSA amid Umrah resumption

The development comes after Pakistan announced it will accept applications for Umrah from the nationals from November 1 under the new regulations, in wake of the Saudi government's announcement to start Umrah pilgrimage for international pilgrims.

Published 28 Oct, 2020 01:09pm

Pakistan

PIA to provide compensation to victims' families, survivors today

The national flag carrier will give compensation to those families who have provided the PIA with succession-related documents

Published 23 Oct, 2020 09:13am

Business & Finance

PIA to resume UK operation with alternative sources

A PIA spokesman said that in the first phase, flights would be operated from Islamabad to London, from Lahore to London and from Islamabad to Manchester.

Published 17 Oct, 2020 04:04pm

Pakistan

FIA arrests former PIA MD Ijaz Haroon in illegal appointment case

Haroon and ex-director HR Hanif Pathan are allegedly involved in appointing Salim Sayani as deputy managing director of the national carrier in 2009

Updated 17 Oct, 2020 03:09pm

Business & Finance

PIA Roosevelt Hotel included in the privatization list

On October 10, it was announced that Pakistani government-owned Roosevelt Hotel has announced that "it is closing its doors permanently.

Published 16 Oct, 2020 04:39pm

Business & Finance

Amid COVID-19 pandemic PIA suffers Rs 32bn loss

The Chief Executive Officer (CEO) of Pakistan National Airlines (PIA), Arshad Malik, told the cabinet in a briefing that the air operation was closed due to coronavirus pandemic due to which the Umrah and Hajj seasons could not take place.

Published 16 Oct, 2020 12:27pm

Business & Finance

New guidelines issued for Pakistani passengers traveling to UAE

According to the guidelines issued by PIA, passengers arriving in the UAE must have at least 2,000 dirhams.

Published 16 Oct, 2020 11:17am

Pakistan

Chairman NAB takes notice of Roosevelt Hotel closure, orders inquiry

PIA purchased the hotel for $36.5 million in 1999 and managed it through Interstate Hotels and Resorts.

Updated 13 Oct, 2020 08:26pm

Business & Finance

Amid rise in COVID cases, PIA issues further SOPs

As per details, spokesperson PIA orders have been issued to all concerned departments and officers to strictly implement the new SOPs.

Published 12 Oct, 2020 11:12am

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 09 Oct, 2020 02:06pm

Pakistan

PIA owned Roosevelt Hotel in NY is closing down permanently

The hotel cited financial reasons for its permanent closure
PIA purchased the hotel for $36.5 million in 1999 and managed it through Interstate Hotels and Resorts.

Updated 10 Oct, 2020 02:40pm

Business & Finance

Dubious degree fiasco: Credentials of all employees being evaluated, says Sarwar

As per the global standards, there are 150 employees per aircraft including pilot and cabin crew members, whereas in Pakistan the number stands at 550 employees per aircraft, Sarwar informed.

Published 05 Oct, 2020 11:27am

Business & Finance

Jawad Zafar appointed PIA's COO

According to the PIA spokesperson, the post of Chief Operating Officer had become vacant after the resignation of Ijaz Mazhar, after which Air Commodo Jawad Zafar has been appointed.

Published 05 Oct, 2020 10:37am

Pakistan

PIA sacks 29 employees as part of reforms and accountability process

Seven staff members were fired for possessing fake degrees, while six over corruption charges

Updated 02 Oct, 2020 06:11pm

Business & Finance

PIA repatriates over 27,000 Pakistanis to Saudi Arabia

PIA had flown more than 27,000 Pakistanis to Saudi Arabia. From September 15 to 28, some 27,500 passengers were flown to Saudi Arabia through 91 flights.

Published 29 Sep, 2020 03:33pm

Business & Finance

KSA allows entry of Pakistani travelers with valid visas

However, travel is subject to a negative PCR test, which needs to be conducted not later than 48 hours before arriving in Saudi Arabia.

Published 26 Sep, 2020 03:02pm

Business & Finance

Saudi govt grants special permission to PIA, as aqama deadline nears

With an increase in the number of flights PIA will be able to transport 25,500 passengers from Pakistan before the 30th of this month which is the deadline for many ensuring their presence in the kingdom.

Published 24 Sep, 2020 04:38pm

Business & Finance

PIA commences flight operations to Saudi Arabia from today

Due to the coronavirus pandemic, Saudi Aviation has limited PIA to 13 weekly flights.

Published 22 Sep, 2020 10:50am

Business & Finance

PIA tickets become scarce as Saudi Arabia ease down travel restrictions

As per details, PIA started booking from September 15, but passengers are facing problems as the reservation department has very few tickets.

Published 19 Sep, 2020 03:20pm

Business & Finance

As travel restrictions ease, PIA decides to increase flights to Saudi Arabia

Just days ago, the Kingdom of Saudi Arabia has announced the lifting of travel restrictions from January 1, while those in certain categories will be allowed to travel from September 15, as the coronavirus pandemic weaken.

Published 17 Sep, 2020 04:46pm

Business & Finance

After fare reduction PIA introduces special offer for children

PIA officials have announced that children up to the age of 2 can now travel for free on all domestic flights.

Published 17 Sep, 2020 12:17pm

PIA decides to not appeal EU flight ban

In June, EASA had banned the national flag carrier from flying to European locations over safety concerns

Published 04 Sep, 2020 07:20pm

Business & Finance

PIA reduces domestic fares again

The national airline with 35 kg of luggage has reduced the one-way fare to only Rs 8,400 while the two-way fare to only Rs 15,000.

Published 04 Sep, 2020 02:19pm

Gainers
Losers
Leaders

Stock	Price
Aisha Steel(ConPS) / Sep 21 Aisha Steel(ConPS)(ASLPS)	10.17 ▲ 1.00 (10.91%)
First Elite Cap.Mod / Sep 21 First Elite Capital Modaraba(FECM)	3.20 ▲ 0.30 (10.34%)
HBL Invest Fund / Sep 21 HBL Investment Fund(HIFA)	1.65 ▲ 0.14 (9.27%)
Power Cem(Pref) / Sep 21 Power Cement (Pref)(POWERPS)	6 ▲ 0.50 (9.09%)
Symmetry Group / Sep 21 Symmetry Group Limited(SYM)	3.87 ▲ 0.29 (8.10%)
Pak Paper Prod / Sep 21 Pakistan Paper Products Limited(PPP)	44.53 ▲ 3.11 (7.51%)
Arpak Int. / Sep 21 Arpak International Investments Ltd.(ARPAK)	64.50 ▲ 4.50 (7.50%)
Pak Hotels / Sep 21 Pakistan Hotels Developers Limited(PHDL)	190.41 ▲ 13.28 (7.50%)
P.N.S.C / Sep 21 Pakistan National Shipping Corporation(PNSC)	159.67 ▲ 11.14 (7.50%)
Premium Textile / Sep 21 Premium Textile Mills Limited(PRET)	406.46 ▲ 28.36 (7.50%)

Stock	Price
The Searle Co. (R) / Sep 21 The Searle Company Limited (R)(SEARLR2)	0.13 ▼ -0.12 (-48.00%)
Trust Mod. / Sep 21 Trust Modaraba(TRSM)	1.25 ▼ -0.18 (-12.59%)
Jubilee Spinning / Sep 21 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	4.70 ▼ -0.60 (-11.32%)
Redco Textile / Sep 21 Redco Textiles Limited(REDCO)	5.65 ▼ -0.62 (-9.89%)
Equity Modaraba / Sep 21 First Equity Modaraba(FEM)	3 ▼ -0.30 (-9.09%)
AKD Hospitality / Sep 21 AKD Hospitality Limited(AKDHL)	126.37 ▼ -10.25 (-7.50%)
Dadex Eternit / Sep 21 Dadex Eternit Limited(DADX)	36.76 ▼ -2.98 (-7.50%)
JS Global Cap. / Sep 21 JS Global Capital Limited(JSGCL)	149.05 ▼ -12.08 (-7.50%)
Gammon Pak / Sep 21 Gammon Pakistan Limited(GAMON)	6.45 ▼ -0.37 (-5.43%)
Unilever Foods / Sep 21 Unilever Pakistan Foods Limited(UPFL)	20100 ▼ -1155.00 (-5.43%)

Stock	Volume
The Searle Co. (R) / Sep 21 The Searle Company Limited (R)(SEARLR2)	24,002,721 ▼ -0.12
Treet Corp / Sep 21 Treet Corporation Limited(TREET)	17,803,918 ▼ -0.08
Maple Leaf Cement / Sep 21 Maple Leaf Cement Factory Limited(MLCF)	15,196,347 ▲ 1.55
WorldCall Telecom / Sep 21 Worldcall Telecom Limited(WTL)	7,596,263 ▲ 0.01
Bankislami Pak. / Sep 21 BankIslami Pakistan Limited(BIPL)	6,775,527 ▲ 0.72
Unity Foods Ltd / Sep 21 Unity Foods Limited(UNITY)	6,691,541 ▲ 1.22
Pak Petroleum / Sep 21 Pakistan Petroleum Limited(PPL)	6,149,595 ▲ 0.90
TRG Pak Ltd / Sep 21 TRG Pakistan Limited(TRG)	5,004,040 ▲ 1.05
Symmetry Group / Sep 21 Symmetry Group Limited(SYM)	4,581,000 ▲ 0.29
TPL Properties / Sep 21 TPL Properties Limited(TPLP)	4,030,395 ▲ 0.10

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 21	293.25
USD PKR Interbank Buying / Sep 21	292.75
USD to Japanese Yen / Sep 21	148.37
USD to Swiss Franc / Sep 21	0.90
Pound Sterling to USD / Sep 21	1.23
Euro to USD / Sep 21	1.06
UK LIBOR % / Sep 20	5.44

Stock	Volume
S&P 500 / Sep 20	4402.20
Nasdaq / Sep 20	13469.13
Dow Jones / Sep 20	34440.88
India Sensex / Sep 21	66272.85
Tokyo Nikkei / Sep 21	32607.84
Hang Seng / Sep 21	17627.95
FTSE 100 / Sep 21	7702.61
Germany DAX 30 / Sep 21	15683.40
France CAC40 / Sep 21	7263.53

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 20	19235
Gold 10 Grams PKR / Sep 20	186820
Crude Oil USD/Barrel / Sep 21	90.28
Gold Spot USD/Ounce / Sep 21	1928.43
Cotton US¢/pound / Sep 21	86.84

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