PIA to resume flights to Europe in first quarter of 2022: CEO

11:55 PM | 31 Dec, 2021
PIA to resume flights to Europe in first quarter of 2022: CEO

ISLAMABAD – The Pakistan International Airlines (PIA) will resume flights to Europe in the first quarter of 2022, the PIA chief executive officer has said.

The PIA chief's statement came after an International Civil Aviation Organization’s (ICAO) validation committee cleared a safety audit report on the Pakistani flag carrier this month.

In July 2020, the European Union Aviation Safety Agency (EASA) had suspended the authorization of PIA to operate in EU member countries over licensing and flight safety concerns.

The licensing scandal tainted Pakistan’s aviation industry and the country grounded 262 airline pilots suspected of dodging their exams following checks of their qualifications.

An ICAO audit team visited Pakistan to undertake a safety audit of the aviation authority and completed the process on December 10. However, its final report has yet to be released, after which the Significant Safety Concerns (SSC) would be gradually eased out.

PIA CEO Arshad Malik said in an interview this week: “You’ll be glad to know that very recently the ICAO Audit has also been conducted. Although formal information has not been shared with us, but we are very, very positive.”

“I think by next year’s first quarter, we should be able to fly out our wings to Europe, and the ban should be lifted.”

He said he sorted out in-house affairs of the airlines and brought the safety and quality team under his control. “I got an Air Vice Marshall to look after the safety aspect. We presented ourselves to Pakistan Civil Aviation, and thereafter, the international auditors came.”

Malik said unfortunately, there had been political intervention in the organization for about two decades and there were people who were getting stronger rather than the organization.

“The people started to merge together in associations and in unions, and they were trying to manipulate and they were trying to control the organization,” he said.

“Over a period of time because of these interventions, we had lost merit-oriented decisions. We were also not taking commercial-based decisions. We were being dictated upon. Once all these things were going on, naturally, your performance indicators started to go down.”


USD to PKR: Rupee remains under pressure against dollar in interbank

KARACHI – Pakistani rupee continues to face blows against the US dollar in the inter-bank market as the deadlock between Islamabad and IMF continues.

During the intraday trading on Tuesday, the local currency dropped against the US dollar, moving down nearly 0.06 percent. Before noon, PKR was being traded at 286.37, with a decline of Rs0.18.

Earlier this week, the embattled rupee faced a setback and it was closed at 286.19 against the greenback in the inter-bank.

The rupee continues to face back-to-back blows amid deadlock between the Pakistani government and the multilateral lender.

Today's gold rates in Pakistan | gold price in Pakistan – June 6, 2023

Gold Rate In Pakistan Today:

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 228,900 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs197,190.   

Likewise, 10 grams of 22k gold were being traded for Rs180,756 while a single tola of 22-karat gold was being sold at Rs 210,832.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

Gold Price in Pakistan: Lahore, Karachi, Islamabad

City Gold Silver
Lahore PKR 228,900 PKR 2125
Karachi PKR 228,900 PKR 2125
Islamabad PKR 228,900 PKR 2125
Peshawar PKR 228,900 PKR 2125
Quetta PKR 228,900 PKR 2125
Sialkot PKR 228,900 PKR 2125
Attock PKR 228,900 PKR 2125
Gujranwala PKR 228,900 PKR 2125
Jehlum PKR 228,900 PKR 2125
Multan PKR 228,900 PKR 2125
Bahawalpur PKR 228,900 PKR 2125
Gujrat PKR 228,900 PKR 2125
Nawabshah PKR 228,900 PKR 2125
Chakwal PKR 228,900 PKR 2125
Hyderabad PKR 228,900 PKR 2125
Nowshehra PKR 228,900 PKR 2125
Sargodha PKR 228,900 PKR 2125
Faisalabad PKR 228,900 PKR 2125
Mirpur PKR 228,900 PKR 2125


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