Pakistan International Airlines (PIA) registered a gain before taxes in the first half of 2025, that a company source said it is the first time for the period in approximately two decades, before a planned sale of the national carrier at the end of this year.
Pia, part of Pia Holding Company, Piaha. PSX registered a profit gain of RS11.5 billion ($ 40.64 million) in six months to June, compared to the same period in 2024 when it remained in a loss before taxes and only achieved a rare annual gain through deferred tax settings. The net benefit for the current half year stood at RS6.8 billion.
Read: PIA engineering RS22B losses in the audit report
The dissemination occurs when Islamabad presses with a new attempt to privatize the airline, a key condition under the rescue of the IMF of $ 7 billion of Pakistan.
A company source said it was the first gain of the state airline since 2004. Financial records before 2014 are no longer publicly available on the websites of the airline and the stock exchange.
The planned sale of the international airlines of Pakistan would mark the first privatization of the country in approximately two decades, with the disinvestment of state companies that make losses a central table of the rescue last year.
Read more: PIA flights can also resume
Lucrative routes of the United Kingdom
The high fuel and service costs continue to weigh, but a strong fall in financial costs after Islamabad assumed that about 80% of PIA’s inherited debt last year was a decisive factor in its profit return. Despite the gain, Pia’s equity is still negative, underlining the fragility of his change.
An attempt to privatization previously collapsed last year after a single lowball offer was received, but since then the government has attracted the interest of five national business groups, including Airblue, Lucky Cement, Lukc, PSX, the investment firm Arif Habib Ahl, PSX and fertiliz fertilizer fertiliz backed by military. PSX. Final offers are expected at the end of this year.
Also read: PIA suspends Canada flights for the maintenance of aircraft
Great Britain raised a five -year prohibition of the Pakistani airlines imposed after a fatal accident of 2020 and a pilot license scandal, which allows PIA to re -apply the lucrative routes of the United Kingdom. The measure follows similar steps of the European Union at the end of last year.
PIA had previously estimated an annual loss of income of around 40 billion rupees of the British prohibition, with London, Manchester and Birmingham among their most profitable routes.
