PIA approves 10% salary increase for employees

KARACHI: Pakistan International Airlines (PIA) on Tuesday announced to increase salaries of its employees by 10 percent.

Following the announcement by the federal government, the national airline’s board approved the raise.

Moreover, a pension rise for retired workers was a possibility following the salary boost.

The national flag carrier lost Rs67 billion in the first nine months of 2022, according to the financial report from PIA. The International Monetary Fund (IMF) has also asked the federal government to minimize the losses of Pakistan International Airlines (PIA).

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It’s worth mentioning that the IMF has directed the federal government to devise a strategy to lower the losses being faced by the PIA as the overall losses reach Rs400 billion.