Foreign banks willing to invest in PIA

International banks are willing to invest in Pakistan International Airlines (PIA), according to the PIA CEO, Air Marshal Arshad Malik. The interest was shown after observing steady improvements in PIA’s financials as the national carrier’s revenue is increasing. The CEO noted that the losses have been brought down considerably and will be evident from 2019’s audited reports.

He further informed about the induction of two aircraft in the fleet and that the seat factor has risen to 84% due to which both revenue and network spread are also increasing as the all the observations made in the last meeting have been tackled in this year’s audit.

Source: Pro Pakistani