In a move that’s set to invigorate the spirits of Umrah pilgrims, Pakistan International Airlines (PIA) has rolled out a significant slash in airfares. This strategic move, effective from April 7 to 11, sees a remarkable 30 percent dip in ticket prices to key destinations such as Jeddah, Madinah, Riyadh, and Dammam.
Moreover, the revered journey of Umrah is set to become more affordable as PIA offers a generous fare reduction of up to 20 percent. The economy class fares have been revised to a more budget-friendly Rs 50,000, making the sacred pilgrimage more accessible to travelers.
This development follows PIA’s recent financial triumph, having successfully cleared all its liabilities, debts, and arrears. This financial revamp has primed PIA for privatization, with a streamlined balance sheet and all financial obligations transferred to a holding company. The Pakistan Stock Exchange has been officially notified of PIA’s balance sheet clearance, marking a significant turnaround for the national carrier.
In light of these developments, PIA has positioned itself as an attractive investment prospect in the aviation sector. The airline prides itself on a strong network, operating 170 weekly flights across 20 countries. With PIA facilitating travel for an estimated 150,000 passengers to Saudi Arabia annually, it continues to cement its crucial role in the aviation industry.