Islamabad: Pakistan International Airlines (PIA) is on track to report its first profit in 20 years, according to Prime Minister Shehbaz Sharif. The announcement marks a significant change for the national carrier, which has faced prolonged financial struggles.
In a post on his X timeline, Prime Minister Sharif described the development as a “major turnaround” for PIA. “Another good news! Alhamdolilah! PIA set to post its first profit in 20 years, a major turnaround after decades of losses. The skies ahead look brighter, Inshallah!” he wrote.
The prime minister also praised the collective efforts of the team led by Aviation Minister Khawaja Muhammad Asif, attributing the success to their diligent work.
Media reports indicate that PIA’s board of directors has approved the financial results for 2024, which show an operational profit of Rs3.9 billion and a net profit of Rs2.26 billion. The last time the airline reported a profit was in 2003.
The information was provided by the Ministry of Information and Broadcasting.