ISLAMABAD: The Pakistan International Airlines (PIA) is unable to retire its debt burden of more than Rs500 billion and the federal cabinet, which is scheduled to meet on Tuesday, is likely to take a decision in this very regard. It is also learnt that PIA management has been evaluating the possibility of management contract of food services at Karachi and Islamabad. Similarly, the management of PIA has been evaluating the possibility of operating and management contract for technical ground service (TGS). Likewise, PIA management is evaluating different options to get out of the courier business which was launched by PIA in 2003. It is pertinent to mention here that the federal cabinet meeting is scheduled on Tuesday to take up a 15-point agenda including a presentation regarding year on year profit/loss incurred by PIACL.

Source: Pakistan Today October 05, 2020 18:33 UTC