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PIA faced Rs1.2 billion deficit on New-York route

08:28 PM | 4 Apr, 2018
PIA faced Rs1.2 billion deficit on New-York route
ISLAMABAD - The National Assembly Standing Committee on Parliamentary Affairs was informed on Wednesday that Pakistan International Airline (PIA) had faced a deficit of Rs 1.2 billion on the historic New-York route.

“PIA had faced the deficit of Rs 1.2 billion on the New-York route that way this historic route was closed,” PIA Chief Executive Officer told the committee which met under the supervision of Shezra Mansab Ali Khan Kharal.

He added that PIA’s airlines are now being operating on profitable and money-making routes. However, the committee recommended that the New-York route should be started again after completion of lease and travelers should also provide better travailing facilities.

https://en.dailypakistan.com.pk/headline/last-flight-lands-in-new-york-as-pia-ends-us-operations-after-56-years/

Moreover, PIA officials stated that organization has itself started work on changing the routes and routes that run on the deficit are closing down.

They further informed PIA has first time its business plan and under this plan, PIA is delivering better results for past three months.

The last flight of national flag-carrier landed in New York last October, ending a 56 years old flight operations to the United States.

PIA, with a fleet of 32 aircraft, is still operating at 28 international airports.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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