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      24 dead in Texas flash flooding, two dozen campers missing

      24 dead in Texas flash flooding, two dozen campers missing

      Hamas releases two women hostages after Egyptian-Qatari diplomacy

      Hamas agree to respond ceasefire proposal in ‘a positive spirit’

      Hamas says body of captive Shiri Bibas “mistakenly mixed” with others

      Hamas seeks ceasefire guarantees as Israel intensifies attacks in Gaza

      Uttar Pradesh Police book nearly 2,000 people for offering namaz on road

      Indian Govt imposes limitations on loudspeakers in Mumbai’s mosques

      India’s government faces no-confidence vote over ethnic clashes

      After SCO Quadrilateral Security Dialogue countries reject Indian allegation over Pakistan in Pehlgam attack

      Donald Trump elected US president in historic comeback

      Trump says Israel agrees to conditional ceasefire in Gaza, Trump

      Hamas attack kills 100 Israelis, Tel Aviv’s air strikes martyr more than 200 Palestinians

      Israel killed 95 Palestinians after bombing on aid sites, cafe, school in Gaza

      Pakistan downs 5 fighter jets, destroy brigade HQ in retaliation strikes

      India envoy blames political leadership for fighter jet crash in clash with Pakistan

      Pakistan congratulates Donald Trump for winning as US president

      Trump hopeful for Gaza ceasefire ‘next week’

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      Azerbaijan’s President arrives Islamabad on PM Shehbaz’s invitation

      Pakistan, Azerbaijan agree to enhance cooperation in trade, investment

      Govt lifts import ban on non-luxury items under IMF condition, Miftah

      Pakistan notifies duty cuts on imported luxury items

      Karachi: FBR seals over 30 shops for tax, PoS violations

      PM applauds FBR for collecting record tax revenue

      NEPRA notifies increase in power tariff for Karachiites

      NEPRA approves Rs1.15/unit cut in domestic electricity tariff

      Govt plans separate tax policy cell

      Rs3.5 trln tax collected from Karachi in FY24-25

      Petrol prices likely to increase up to Rs13 per litre

      Petrol prices likely to increase in Pakistan

      PM Shehbaz denounces Israeli aggression in Gaza, Lebanon and Iran

      PM welcomes Bloomberg report on Pakistan’s economic stability

      PPP breaks National Assembly quorum after controversy over resolution against canal project

      NA passes Rs 17.57tr budget 2025-26

      Bilawal hopes to get justice in presidential reference against ZA Bhutto’s death sentence

      Bilawal directs PPP lawmakers to vote in favour of budget 2025-26

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      Sean ‘Diddy’ Combs convicted on prostitution counts, but cleared of more serious charges

      Sean ‘Diddy’ Combs convicted on prostitution counts, but cleared of more serious charges

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      US revokes Bob Vylan’s visas after Glastonbury chants

      Police found skin glow, anti-ageing drugs from Shefali Jariwala’s residence after her mysterious death

      Police found skin glow, anti-ageing drugs from Shefali Jariwala’s residence after her mysterious death

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      IMF postpones talks with Pakistan seeking details of flood relief expenditure

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      Officers opt for voluntary cut in salaries as PIA braces economic repercussions amid COVID-19 outbreak

      Web Desk by Web Desk
      in PAKISTAN, TOP STORIES
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      Islamabad: Top officials of the Pakistan International Airlines (PIA) have announced a voluntary cut in their salaries as the airline faces a financial crisis due to virus pandemic.

      PIA has been facing a financial crisis as it has suspended all domestic and international flight operations after the government imposed a ban on all kinds of air travel to curb the spread of coronavirus in the country.

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      In light of these unprecedented circumstances, Chief Operating Officer (CEO) of the PIA, Air Marshal Arshad Malik has announced a voluntary cut of 20 percent from his salary due to the losses sustained by the airline.

      Department chief officers have also slashed their salaries by 20 per cent while managers have decided to cut theirs by 15 per cent, followed by a 10 percent cut in deputy general managers’ and eight percent from managers’ salaries.

      As per PIA’s spokesman, these voluntary cuts in salaries will help the airline in overcoming its financial burden to an extent as losses and debt of PIA have become too great for the company to handle alone and that options suggested to the government include a debt-to-equity swap and issuance of long-term bond.

      According to Minister for Aviation, Ghulam Sarwar Khan, Pakistan International Airlines (PIA) has incurred losses of up to Rs 4 billion due to coronavirus pandemic and it could further rise to Rs 6 billion by the end of March 2020.

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