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Saturday, 29 August 2015

 

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UN urges all states to sign, ratify Nuclear Test Ban as 'critical step on road to nuclear-free world -
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Maleeha highlights Pakistan's investor-friendly policies as she rings N.Y. Stock Exchange's opening -
NEW YORK, Aug. 28 (APP): Pakistani Ambassador to the United Nations, Dr. Maleeha Lodhi, Friday rang the opening bell at the NASDAQ Stock Exchange in New York to signal the ceremonial start of trading, saying Pakistan's economy is on the upswing as it pursues liberal economic and investor-friendly policies.


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UNITED NATIONS, Aug 27 (APP): Novak Djokovic, the world's top ranked tennis player, was today appointed Goodwill Ambassador by the United Nations Children's Fund (UNICEF), after having served as the agency's Serbia Ambassador and promoting children's rights within his own private foundation.


PM leaves for home at end of two day visit to Kazakhstan -
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Pakistan, Kazakhstan agree to build long-term economic cooperation -
ASTANA, Aug 26 (APP): The leadership of Pakistan and Kazakhstan on Wednesday expressed mutual resolve to further strengthen bilateral trade and investment, and build long-term economic cooperation between the two countries.


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PIA to start Quetta-Kandhar flights PDF Print E-mail
piac.jpgISLAMABAD, Nov 28 (APP): Prime Minister Raja Pervez Ashraf Wednesday expressed the confidence that the new management of Pakistan International Airline Corporation (PIAC) would bring about a turn around in the national flag carrier with a new passenger friendly face.The Prime Minister made these observations during a briefing made to him on measures taken by the new management of PIAC to improve the operations of Pakistan International Airlines Corporation at Prime Minister’s House.The Prime Minister directed that all the grey areas must be addressed and loopholes plugged and economic viability of PIAC ensured.The Prime Minister further directed the PIAC to consider feasibility of running more flights to Gilgit-Baltistan and Chitral.The Prime Minister was also informed by Managing Director PIAC, M. Junaid Yunus that a business plan of the corporation is being firmed up with emphasis on facilitating the passenger so that business can be attracted.
The business plan being worked out is being prepared with the objective of attaining a break even by 2013, he added. The present share of PIA in the international passenger business generating from Pakistan is 32 percent while PIA has a share of 71 percent in the domestic market, said the Managing Director PIAC.
The Prime Minister was also informed that PIAC has earned operational profit in September and October this year which sets the tone and pace of recovery.
The Managing Director PIAC informed the Prime Minister that PIA is acquiring the first airbus which will join in February 2013 followed by four in March 2013 and three in second half of 2013.
These narrow body aircrafts will be fuel efficient and lead to massive savings in fuel cost which presently constitute 55 percent of total revenue earned by the airlines.
The Prime Minister was also told that a proposal is under consideration to outsource non core operations to reduce employee to aircraft ratio which is presently 485 employees per aircraft.
The Prime Minister was informed that PIA will start flights on Quetta-Kandhar route from December 25 this year. This is the first time that a new destination has been initiated after a very long time in the history of airlines.
The Chairman, PIAC and Secretary Defence, Lt. General ® Asif Yasin Malik said that the new management envisages an airline which will neither be employee or government friendly but passenger friendly.
The meeting was also attended by high officials of the government.
 
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