Trends - PIA - Business Recorder

PIA

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

Business & Finance

US bars its citizens living in Pakistan from traveling through PIA

US embassy and consulate officials should not travel to the United States on any Pakistani airline, read the guidelines.

Updated 27 Aug, 2020 01:34pm

Business & Finance

Pakistan to appeal against European Air Safety Agency ban

Just days ago, EASA rejected the appeal of Pakistan International Airlines (PIA), as the agency decided to maintain the ban on PIA flights till December 31.

Published 15 Aug, 2020 12:20pm

Business & Finance

European Air Safety Agency rejects PIA appeal

The extension in the ban is conditional on Pakistan's civil aviation measures.

Published 13 Aug, 2020 10:51am

Business & Finance

PIA announces four flights for stranded Pakistanis in France

Flights will be operated between August 15 and 30 to bring back Pakistanis stranded in France, owing to lockdowns imposed due to coronavirus pandemic.

Published 12 Aug, 2020 11:13am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	155.98
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / May 1	5018.39
India Sensex / May 1	74482.78
Tokyo Nikkei / May 1	38093.34
Nasdaq / May 1	15605.48
Hang Seng / May 1	17763.03
FTSE 100 / May 1	8121.24
Dow Jones / May 1	37903.29
Germany DAX 30 / May 1	17932.17

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Crude Oil USD/Barrel / May 1	79.18
Gold Spot USD/Ounce / May 1	2324.96
Cotton US¢/pound / May 1	76.51
Petrol/Litre / May 2	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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