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Financial Loss

PIA returns its premier service aircraft to Sri Lanka

ISLAMABAD: Pakistan International Airlines (PIA) returned the Airbus A-330 aircraft to Sri Lankan Airlines that it was using for its premier services, ARY News reported. PIA administration had to pay $8,000 per hour a day for six months for the aircrafts that were purchased on lease for its premier service. It had purchased the aircraft at a cost of over $19 million. The national airliner also had to pay the salaries to its foreign staff and the lease cost as well. Sources said that the seat and load factor of the…

Non-bailable arrest warrants issued for Gillani, Faheem    

ISLAMABAD: Anti-Corruption Court on Monday issued non-bailable arrest warrants against former Prime Minister Yousuf Raza Gillani and senior Pakistan Peoples Party leader (PPP) Makhdoom Ameen Faheem in seven cases of the Trade Development Authority (TDA) scam, ARY News reports. Federal Investigation Authority (FIA) submitted five challans in the court in which Yousuf Raza Gillani and Makhdoom Ameen Faheem were shown as absconders. The court has ordered the former PM and PPP leader to appear in the court on 17th June. In the…