PIA affairs.

Byline: M. Asif - Karachi

IN the first six months of the current year, PIA witnessed a significant increase in its revenues owing to an increase in real yield and there is an overwhelming increase in seat factor to over 80 per cent.

However, in line with the guidelines of probably the Securities and Exchange Commission of Pakistan and Pakistan Stock Exchange, PIA cannot release exact figures until the external audit for 2019 is completed and financial statements are approved by the board.

These trends were helped by factors beyond the airline's control like depreciation of the Pakistan rupee by 30pc against the US dollar and a significant increase in finance cost because of the increase in policy rate (average policy...