PIA’s Decline Linked to Open Skies Policy

ByKhubaib

A government report says that allowing Gulf airlines to fly more in Pakistan is a big reason for PIA’s problems. These airlines took more passengers than agreed, reducing PIA’s market share from 50% to 20%.

Other issues include frequent changes in management, weak leadership, old planes, high taxes, and less money. Because of this, PIA now owes Rs740 billion, making it hard to buy new planes or improve service.

At the same time, big airlines like Emirates, Qatar Airways, and Turkish Airlines now have over 100 flights per week in Pakistan. They offer better planes and service, making it harder for PIA to compete.

The government tried to sell PIA but failed. Bad financial decisions and poor planning have made things worse.

To help PIA, the report suggests hiring better leaders, buying new planes, giving financial help, and changing flight rules to make competition fair.

Khubaib

Khubaib is a financial expert specializing in stock market trends, gold and silver trading, PSX, and currency rates. As a seasoned financial analyst, he offers insights on investment opportunities, mutual funds, and wealth management. An official author at firstcapital.com.pk, Khubaib provides practical advice to help readers navigate the dynamic world of finance.