PIA losses brought down to 50 percent: CEO.

KARACHI -- Pakistan International Airlines (PIA) Chief Executive Officer (CEO) Air Marshal Arshad Malik on Saturday announced that they were successful in bringing down the losses of the national flag carrier to 50 percent, media reported.

He said this during an annual meeting of the airline attended by the employees and shareholders, where audit report and accounts of the airline in 2018 came under discussion.

The CEO Arshad Malik said that the only challenge they had was to conduct an audit of the airline, which was delayed for the past three years.

'The audit team carried out this hectic work in a record time,' he said adding they were able to bring down the airline losses to 50 percent.

He further announced that the PIA would also be including two more planes in its air fleet to improve their performance.

The participants of the meeting applauded the policy measures taken under the incumbent administration.

Yesterday, the...

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