The federal government had provided funds of Rs 9.84 billion to the national flag carrier.
voluntary separation scheme
President Arif Alvi on Saturday approved funds worth Rs9.5 billion for Pakistan International Airlines (PIA) voluntary separation scheme
The PIA has also divided the employees availing from the VSS facility into two categories.
Under the scheme, the employees could submit an application regarding early separation from the airline
The scheme is aimed at maximizing the profit of the PIA and saving it from being bankrupt.
The Board of Directors of the PIA had already approved the VSS scheme 2020 during its 48th meeting.
The national carrier is likely to introduce voluntary separation scheme (VSS) for its employees in November, said sources, adding that more than 2,700 workers will get the benefit of the scheme.