“Major turnaround” as PIA set to post first profit in 20 years: PM
“Major turnaround” as PIA set to post first profit in 20 years: PM
ISLAMABAD: Prime Minister Shehbaz Sharif said that Pakistan International Airlines’ return to earning profit after 20 years was a “major turnaround” after decades of losses.
“Another good news! Alhamdolilah! PIA set to post its first profit in 20 years, a major turnaround after decades of losses. The skies ahead look brighter, Inshallah!” the prime minister wrote on his X timeline.
He also lauded the team efforts led by Aviation Minister Khawaja Muhammad Asif.
According to media reports, PIA’s board of directors approved its financial results for 2024, depicting an operational profit of Rs3.9 billion and a net profit of Rs2.26bn. The airline last achieved profit in the year 2003.
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Earlier,Prime Minister Shehbaz Sharif reiterated that Pakistan desired to work with President Trump and his Administration to strengthen bilateral relations with the United States.
Prime Minister said this in a meeting with a US delegation, led by Eric Meyer, Senior Bureau Official and Acting Assistant Secretary, Bureau of South and Central Asian Affairs at US Department of State, which paid a courtesy call on him.
The delegation is visiting Pakistan to attend the two-day Pakistan Minerals Investment Forum being held here on Apr 8-9.
The prime minister welcomed US participation at the Forum and emphasized that Pakistan’s minerals sector presented immense opportunities, encouraging US companies to invest in that priority sector.
