Staff Reporter
Karachi
Pakistan International Airline (PIA) released its financial report for the year 2017, which marked an increase of Rs2 billion in the revenue of the national flag carrier.
The report, which was issued by a year’s delay, revealed that the losses of PIA swelled by Rs3 billion in 2017. In 2016, the deficit was recorded at Rs44.7 billion. Exchange deficit of the PIA 2017 stood at Rs2.2 billion.
However, the total revenue generated by the airline in 2017 was Rs104 billion. The report has also been sent to the Stock Exchange by the PIA. Earlier in February, the national flag carrier achieved the revenue of Rs12 million on excess baggage earning in January.
