We are still hopeful that the national carrier will achieve its revenue target of Rs170 billion,” Rafique told reporters during a press conference on Saturday. “The airline is aiming to achieve this number, with its own resources.”In the past, PIA operated with a fleet of 100 aircraft. Rafique added that two 777 aircraft would be added to the national fleet after rehabilitation by January next year. Rafique added that due to a 2.5-time increase in fuel cost, the railways had no other option but to increase its fares. The way towards success for both PIA and Pakistan Railways was through undertaking structural reforms and fiscal discipline, he added.

Source: The Express Tribune December 18, 2022 06:20 UTC