Pakistan International Airlines (PIA) has implemented a 15% discount on flights to Toronto, Canada for travelers moving from Pakistan. Passengers can leverage this offer by purchasing tickets before the 15th of October 2024 for travel up to the 20th of December 2024.
The airline intends to ease financial burdens and encourage travelers to travel more between Canada and Pakistan by availing of this discount offer. In other news, the privatization process for Pakistan International Airlines Corporation Limited {PIACL}, is encountering further delays.
Potential bidders have asked for additional information which may lead to an extension of the bidding timelines originally set for 31st of October 2024 during a recent Senate Standing Committee on Privatization Meeting progress on privatizing PIA and power distribution organizations, DISCOs, was discussed.
The privatization secretary claimed that the process timeline depends on the online evaluation, analysis, and negotiations as some bidders are looking for more time. The privatization secretary also emphasized and pointed out issues regarding legacy liabilities. The chairperson assigned the privatization secretary to finalize the process by the 31st of October emphasizing the vitality of these efforts for the future of Pakistan and reflecting positivity for positive outcomes from the PIACL privatization initiatives.
Read more: Pia To Launch Direct Flights Between Islamabad, Beijing By End Of October
The positive impacts of imposing a 15% discount on the flights between Toronto, Canada and Pakistan.
- It will help in enhancing travel accessibility, which will prove to be more affordable to carry on movement between Pakistan and Canada, which is expected to strengthen socioeconomic ties.
- Secondly, increased travel often brings benefits to the economy of Pakistan by boosting tourism, creating jobs, and creating better trade relations between the countries.
- Thirdly, by minimizing ticket costs, PIA assists in minimizing travel expenses for residents of Pakistan, simply making travel more accessible to a broader demographic.
- Fourthly, privatization is expected to lead to more efficient and financially viable PIACL, potentially minimizing the burden of losses on the national treasury and improving the quality of the service.
- Fifthly, a successful privatization process is expected to boost investor confidence in the economy of Pakistan, which will maximize its further investment and enhance economic stability.
- Sixthly, addressing legacy liabilities, and reconstructing PIACL is expected to pave the path for sustainable operations, granting long-term advantages for the aviation industry of Pakistan. With a more financially stable, efficiently run PIACL, there could be more job opportunities within the airline industry and its supporting sectors, simply improving economic activity.