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Good news for passengers as PIA fully restores flight operations

11:03 AM | 2 Nov, 2023
Good news for passengers as PIA fully restores flight operations

ISLAMABAD - The national carrier of Pakistan has claimed to restore flight operations to full capacity, it emerged on Thursday.

In a social media post, Pakistan International Airlines (PIA) claimed to fully restore flight operations, days after the fuel crisis dent a severe blow to the carrier and to the flyers alike.

'I've fallen many times, but I've always picked myself up again. I'm not broken. My failures do not define me, its my resolve that makes me stronger, than ever before,' the airline said in a post.

Earlier, last month, the national carrier was forced to cancel over 300 flights after Pakistan State Oil (PSO), a state-owned entity, halted the supply of fuel to PIA over unpaid dues. 

The canceled flights included the ones headed from Islamabad to local destinations like Gilgit, Quetta, Multan, and flights departing from Karachi to Sukkur and Faisalabad; moreover, international flights were also canceled.

PIA has been handling financial challenges for quite a long period of time now. The national carrier requires approximately Rs100 million daily for fuel, and the suspension of supply from PSO had severely impacted flight operations. 

The caretaker government's decision to privatize PIA, coupled with the withdrawal of interim financial support, had intensified the airline's challenges.

Due to the same economic viability challenges, there have been demands for privatizing the national carrier. Former Aviation Minister Khawaja Saad Rafique also stressed the importance of privatizing the carrier or else it would have to shut operations.

In the final days of the PDM regime, it was also decided to privatize loss-making Pakistan International Airlines during a meeting of the Cabinet Committee on Privatization chaired by then Finance Minister Ishaq Dar.

The committee “after deliberation decided to include Pakistan International Airlines Co. Ltd. in the list of active privatization projects of the ongoing privatization program, following an amendment in the law by the Parliament,” a finance ministry statement had said.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 29 Feb 2024

Pakistani rupee remains stable against US dollar in the open market on February 29, 2024 (Thursday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.1 for buying and 282.35 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 352 for buying, and 355.5 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 74.3.

Today’s currency exchange rates in Pakistan - 29 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.1 282.35
Euro EUR 303 306
UK Pound Sterling GBP 352 355.5
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.3 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91

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