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      Children in Gaza surviving on bitter loaves made from animal feed

      Israeli missile hits Gaza children collecting water

      Gazans face threat of cholera and other infectious diseases, says Oxfam

      Israel turning Gaza into ‘graveyard of children and starving’, UNRWA chief

      “ELECTION INTERFERENCE, KANGAROO COURT!” Trump says on indictment charges

      US court rules against Trump’s birthright citizenship order

      Gaza death toll, 3000 children among 7028 casulties

      Gaza civil defence says 52 killed by Israeli forces

      Pakistan hopes to secure eighth term in UNSC

      Pakistan warns against Indian weaponisation of water at UN

      Israeli forces killed 50 rushing to humanitarian aid trucks, says Gaza medic

      20 killed in Israeli air strikes on Gaza

      Pakistan condoles martyrdom of 12 Turkish soldiers in methane gas poison

      Pakistan condoles martyrdom of 12 Turkish soldiers in methane gas poison

      Pakistan urges UNSC to stop Israeli aggression against Iran

      Terrorism inflating from Afghanistan serious threat to neighbours, Pakistan warns UN

      24 dead in Texas flash flooding, two dozen campers missing

      24 dead in Texas flash flooding, two dozen campers missing

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      Govt plans to slash petrol prices in upcoming budget

      Fuel prices likely to rise in Pakistan tonight

      Prime Minister launches URAAN Pakistan program

      PM Shehbaz vows structural reforms towards economic revival

      Pakistan, Russia vows to expand trade, economic ties

      Pakistan, Russia ink agreement to revive Pakistan Steel Mills

      Pakistan receives $2.3 billion from China

      Remittances surge over 26% to record $38.3bn in FY25

      Hancock urges Johnson to back Sunak to lead the country

      Former UK PM Rishi Sunak rejoins Goldman Sachs as adviser

      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

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      Murder allegations surface about mysterious death of actress Humaira Asghar

      Humaira Asghar’s post-mortem samples sent to KU forensic lab

      I celebrate my voice through my voice, says Miss Pakistan World Mia Sadique

      I celebrate my voice through my voice, says Miss Pakistan World Mia Sadique

      Humaira Asghar laid to rest in Lahore

      Humaira Asghar laid to rest in Lahore

      Humaira Asghar’s family refuses to receive her body

      Humaira Asghar’s initial post-mortem report revealed

      Murder allegations surface about mysterious death of actress Humaira Asghar

      Murder allegations surface about mysterious death of actress Humaira Asghar

      Humaira Asghar’s family refuses to receive her body

      Humaira Asghar’s family refuses to receive her body

      Angelina Jolie debuts as Maria Callas in first look of her biopic

      Brad Pitt says he ‘made mistakes’ after Angelina Jolie divorce

      The Odyssey trailer sparks online backlash

      The Odyssey trailer sparks online backlash

      Actor Michael Madsen passes away at 67

      Actor Michael Madsen passes away at 67

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      PSB issues notice to Pakistan Netball Federation over misleading Gold medal claim

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      Abrar, Saud fined 5% of match fees for rule violation

      Saud Shakeel named test captain for England tour

      Humaira Asghar’s family refuses to receive her body

      Humaira Asghar’s initial post-mortem report revealed

      5 Wickets, 5 Balls, Ireland’s Curtis Campher scripts history

      5 Wickets, 5 Balls, Ireland’s Curtis Campher scripts history

      Indian broadcaster Sanjog Gupta appointed new ICC chief executive officer

      Indian broadcaster Sanjog Gupta appointed new ICC chief executive officer

      Pakistan beats arch-rivals India by 43 runs in U19 Asia Cup opener

      Pakistan announce T20 squad for Bangladesh series

      Asia Cup 2023: India outclass Pakistan in record-breaking 228-run defeat

      India’s tour of Bangladesh postponed

      Pakistan win Asian Youth Girls Netball Championship

      Pakistan win Asian Youth Girls Netball Championship

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      The truth about the conflict between israel and palestine (gaza)

      The truth about the conflict between israel and palestine (gaza)

      Earthquake jolts different parts of Punjab and KP

      3.2 magnitude earthquake jolts parts of Karachi

      IMF postpones talks with Pakistan seeking details of flood relief expenditure

      IMF urges India, Pakistan to de-escalate military tension

      IG Sindh police express concern over rising crime in Karachi

      Sindh govt issues high alert amid Indian aggression

      ‘Alien: Earth’ drops heart-pounding trailer

      ‘Alien: Earth’ drops heart-pounding trailer

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      Court issues arrest warrants for Bushra Bibi in £190 million case

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      Voice of Sindh
      Home BUSINESS

      PIA’s monthly losses balloon to Rs12 billion

      Web Desk by Web Desk
      in BUSINESS, FINANCE
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      The monthly losses of the national flag carrier have reached Rs12 billion.

      The Finance Ministry has refused to bear any more interest and losses on Pakistan International Airlines (PIA) monthly debt.

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      The PIA has to pay more than Rs8 billion monthly interest on loans to commercial banks. The airlines has borrowed Rs260 billion from commercial banks on government guarantee.

      According to documents, the PIA is not paying Rs1.25 billion in tax to the Federal Board of Revenue (FBR), while it is not paying over Rs1 billion a month to the Civil Aviation Authority. 

      The PIA’s monthly income is Rs22 billion, while its expenses are up to Rs34 billion, according to sources. The total loss of the national airlines has reached about Rs740 billion.

      The caretaker finance minister has sought a privatization plan from the Privatization Division and the PIA administration.

      It has been proposed to privatize the Pakistan International Airlines immediately.

      The recent buzz about the potential shutdown of the airlines prompted the spokesperson to clarify the situation.

      A spokesman for the PIA confirmed on Friday that the rumors and worries over the national airline’s shutdown were untrue, rejecting the speculation generated by a specific paragraph of an official statement addressing the PIA’s financial situation.

      The spokesperson also underlined that PIA’s reputation has been unfairly harmed by setting September 15 as the closure date.

      It is notable that the administration of PIA has made significant strides in procuring money to meet the urgent domestic and international financial responsibilities, including the prompt payment of staff wages.

      The PIA has obtained short-term loans worth billions of rupees, which is a big milestone. The national airline has been given a loan of Rs13 billion by the National Bank with a payback period of six to 12 months.

      A loan between Rs7 and Rs10 billion has also been authorized by Askari Bank. These financial arrangements demonstrate the PIA’s dedication to its business activities and allay fears about its demise.

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      Voice of Sindh is an initiative designed to uncover the untold stories of Sindh. It aims to preserve and promote the diverse culture, heritage, history, and traditions that make Sindh the bastion of pluralism and progress.

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