The Pakistan International Airlines (PIA) management has denied reports that it is moving the national carrier’s headquarters from Karachi to Islamabad.
In a letter to the Pakistan Stock Exchange (PSX), the PIA management clarified that the headquarters was not being moved from the port city. “The factual position is that the head office of PIACL is in Karachi,” read the letter.
It added that the reports claiming the head office was being moved are incorrect.
“PIA is in the process of improving and restructuring the airline to make it a profitable venture despite severe constraints particularly COVID-19 pandemic that has impacted PIA as well as the airlines industry,” said the letter
It further adding that the loss-making routes have been closed in the past one year as the airline focused on profitable routes.
“The restructuring plan, whether operational or financial with pre-set milestones are being undertaken with consent of the government and a committee headed by Special Assistant to PM Imran Khan on Economic Affairs and Austerity Dr Ishrat Hussain,” read the letter.
“Information regarding any such restructuring plan will be released whenever so approved by the Government of Pakistan.”
