Pakistan International Airlines (PIA) has cleared the salaries of its employees after securing a bank loan of Rs. 17 billion. This is a positive development for the national flag carrier, which has been struggling financially for some time now.
The loan will help PIA to cover its operating costs and meet its financial obligations, including the salaries of its employees. It will also allow the airline to resume normal flight operations and improve its services.
The loan is part of a larger financial package that the government is providing to PIA to help the airline turn around its finances. The package includes a mix of debt and equity, and it is aimed at making PIA more sustainable and competitive.
It is hoped that the loan and the overall financial package will help PIA to become a profitable airline again. This would be in the best interests of the airline's employees, customers, and the country as a whole.
0 Comments