The news is by your side.

financial losses

2016 marred with huge financial losses for PIA

KARACHI: The year 2016 proved to be one of the worst in Pakistan International Airline (PIA) history with graph of collective financial losses flying high in numbers, ARY News reported. Once considered to be the symbol of respect for Pakistan across the globe, the airline has become bankrupt. The overall losses to the national flag carrier crossed Rs350 billion in 2016 due to mismanagement and defective strategy. The protest of PIA employees which started in January against privatization continued for 10 days in…