• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    Posted By Global Banking and Finance Review

    Posted on December 6, 2024

    Featured image for article about Finance

    By Asif Shahzad

    ISLAMABAD (Reuters) - Pakistan International Airlines said on Friday it will resume flights to Europe in January, starting with Paris, after the EU aviation regulator lifted a ban on the national flag carrier.

    PIA's authorisation to operate in the EU was suspended in June 2020 over concerns about the ability of Pakistani authorities and its Civil Aviation Authority to ensure compliance with international aviation standards.

    "We have got approval for the first flight's schedule we had filed," PIA spokesperson Abdullah Hafeez Khan said, adding that the airline would be opening bookings on Dec. 9 for its planned Jan. 10 flight of a Boeing 777 to Paris.

    The European Union Aviation Safety Agency and Britain suspended PIA's permission to operate in the region after Pakistan began probing a scandal over the validity of pilots' licences in the wake of a plane crash that killed 97 people.

    PIA will soon approach Britain's Department for Transport (DfT) for permission to resume routes to the UK, Khan said.

    Once cleared by the DfT, London, Manchester and Birmingham would be the most sought-after destinations, he added.

    The ban cost the loss-making airline 40 billion rupees ($144 million) annually in revenue.

    PIA has 23% of Pakistan's domestic aviation market, but its 34-plane fleet cannot compete with Middle Eastern carriers which have 60%, due to a lack of direct flights, despite having agreements with 87 countries and key landing slots.

    Pakistan's attempt to privatise PIA fell flat when it received only a single offer, well below its asking price.

    (Reporting by Asif Shahzad; Editing by Alexander Smith)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe