- Web revenue for present half 12 months stands at Rs6.8b.
- It’s nationwide flag provider’s first such revenue since 2004.
- PIA’s privatisation key situation beneath $7b IMF bailout.
KARACHI: Pakistan Worldwide Airways (PIA) posted a pre-tax revenue within the first half of 2025, which an organization supply stated is its first such for the interval in about 20 years, forward of a deliberate sale of the nationwide provider later this 12 months.
PIA, a part of PIA Holding Firm, recorded a pre-tax revenue of Rs11.5 billion within the six months to June, in contrast with the identical interval in 2024 when it remained in a loss earlier than taxes and solely managed a uncommon annual revenue via deferred tax changes. Web revenue for the present half 12 months stood at Rs6.8 billion.
The disclosure comes as Islamabad presses forward with a contemporary try and privatise the airline, a key situation beneath Pakistan’s $7 billion IMF bailout.
An organization supply stated it was the state-run airline’s first such revenue since 2004. Monetary data earlier than 2014 are not publicly out there on the airline’s and the inventory trade’s web sites.
The deliberate sale of PIA would mark the nation’s first main privatisation in about 20 years, with divestment of loss-making state corporations a central plank of final 12 months’s bailout.
Profitable UK routes
Excessive gas and repair prices proceed to weigh, however a steep drop in finance prices after Islamabad assumed about 80% of PIA’s legacy debt final 12 months was a decisive consider its return to revenue. Regardless of the acquire, PIA’s fairness stays damaging, underscoring the fragility of its turnaround.
A earlier privatisation try collapsed final 12 months after a single lowball supply was obtained, however the authorities has since drawn curiosity from 5 home enterprise teams together with Airblue, Fortunate Cement, funding agency Arif Habib, and Fauji Fertilizer. Closing bids are anticipated later this 12 months.
Britain lifted in July a five-year ban on Pakistani airways imposed after a deadly 2020 crash and a pilot licensing scandal, permitting PIA to reapply for profitable UK routes. The transfer follows related steps by the European Union late final 12 months.
PIA had beforehand estimated an annual income lack of round Rs40 billion from the British ban, with London, Manchester and Birmingham amongst its most worthwhile routes.
