Karachi: Administration of the national airline told by misleading to the Secretary Aviation and Board of Directors about the incorrect data that organization has overcome to the loss after the tireless efforts and in the first quarter of this year, got a profit of Rs1.65 billion. While the loss in the same quarter of the previous year was about Rs5 billion to 65 Crore and thus according to the administration national airline received more than 6 billion profit this year.
Surprisingly, the administration forgot to indicate that there has a great impact in the dollar exchange rate due to the recent rupee’s depreciation as administration got a profit of Rs5.651778 billion in this regard. As administration revealed their great success due to this profit and claimed that current administration has managed to overcome the losses. In this context the PIA spokesman Mashood Tajwar confirmed that due to the dollar exchange rate, we have gained tremendous profit in terms of savings.
The main reasons of profit is that they had tried to overcome the fuel and other costs as fuel tinkering was also introduced in this regard in which fuel is filled in the planes from the station where fuel is available at the cheapest rates. It is pertinent to mention that according to PIA’s financial statement of the first three quarters of the last year till Sept 30, 2013; it ended at a total loss of Rs31.94 billion as against Rs22.43 billion during the same period in 2012.