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PIA announces pay cuts of up to 25pc due to coronavirus

06:38 PM | 4 Jun, 2020
PIA announces pay cuts of up to 25pc due to coronavirus

LAHORE – Pakistan International Airlines (PIA) has announed it will cut down salaries of its employees by up to 10-25 percent as the national flag carrier is facing financial crisis due to coronavirus.

PIA spokesperson Abdullah Hafeez said Thursday the salaries of the employees whose annual gross pay was above Rs100,000 have been slashed by 10 percent.

“The employees whose salary is above 300,000 will face up to 25 per cent cut,” said the spokesperson for the national flag-carrier.

He added that the salary cut would not apply to the employees of grade 1-4.

It is worthy to mention that top officials of Pakistan International Airlines (PIA) voluntarily cut their salaries back in March to back the government’s move in fight against coronavirus.

According to an estimate, the coronavirus (COVID-19) crisis caused Rs 4 billion loss to PIA in the month of March.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - PKR to US Dollar, Euro, Dirham, Riyal 18 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 18, 2024 (Tuesday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.50 for buying and 280.65 for selling.

Euro's buying rate stands at 296 and selling rate is 299 while British Pound rate is 349.7 for buying, and 353.25 for selling.

UAE Dirham AED was at 74.80 and Saudi Riyal at 72.80.

Currency Symbol Buying Selling
US Dollar USD 277.50 280.65
Euro EUR 296.00 299.00
UK Pound Sterling GBP 349.70 353.25
U.A.E Dirham AED 74.80 75.60
Saudi Riyal SAR 72.80 73.55
Australian Dollar AUD 182.00 184.00
Bahrain Dinar BHD 741.18 749.18
Canadian Dollar CAD 204.00 206.00
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.18 40.58
Hong Kong Dollar HKD 35.66 36.01
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.90 1.98
Kuwaiti Dinar KWD 909.34 909.34
Malaysian Ringgit MYR 59.30 59.90
New Zealand Dollar NZD 170.79 172.79
Norwegians Krone NOK 25.97 26.27
Omani Riyal OMR 723.88 731.88
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203.65 205.65
Swedish Korona SEK 26.40 26.70
Swiss Franc CHF 311.90 314.40
Thai Bhat THB 7.58 7.73

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