PIA swings to profit in first half of this year as privatisation push gathers pace |
The Pakistan International Airlines (PIA) posted a pre-tax profit in the first half of 2025, which a company source said is its first such for the period in about two decades, ahead of a planned sale of the national carrier later this year.
The PIA, part of the PIA Holding Company, recorded a pre-tax profit of Rs11.5 billion ($40.64 million) in the six months to June, compared with the same period in 2024 when it remained in a loss before taxes and only managed a rare annual profit through deferred tax adjustments. Net profit for the current half year stood at........