Pakistan International Airlines (PIA) registered a gain before taxes in the first half of 2025, that a company source said it is the first time for the period in approximately two decades, before a planned sale of the national carrier at the end of this year.
The PIA, part of the PIA portfolio company, registered a profit gain of RS11.5 billion ($ 40.64 million) in the six months to June, compared to the same period in 2024 when it remained in a loss before taxes and only managed a rare annual gain through deferred tax settings. The net benefit for the current half year stood at RS6.8 billion.
The dissemination occurs when Islamabad presses with a new attempt to privatize the airline, a key condition under the rescue of the IMF of $ 7 billion of Pakistan.
A company source said it was the first gain of the state airline since 2004. Financial records before 2014 are no longer publicly available on the websites of the airline and the stock exchange.
The planned sale of the PIA would mark the first important privatization of the country in approximately two decades, with the divestment of state companies that make losses a central board of the rescue last year.
Lucrative routes of the United Kingdom
The high fuel and service costs continue to weigh, but a strong fall in financial costs after Islamabad assumed that about 80 percent of the PIA inherited debt last year was a decisive factor in its profit return. Despite the gain, the equity of PIA remains negative, underlining the fragility of its change.
An attempt to privatization previously collapsed last year after a single lowball offer was received, but since then the government has attracted the interest of five national business groups, including Airblue, Lucky Cement, the investment firm Arif Habib and Fauji fertilizer. Final offers are expected at the end of this year.
Great Britain raised a five -year prohibition of the Pakistani airlines imposed after a fatal accident of 2020 and a pilot license scandal, which allows the PIA to re -apply for the lucrative routes of the United Kingdom. The measure follows similar steps of the European Union at the end of last year.
The PIA had previously estimated an annual income loss of around RS40BN of the British prohibition, with London, Manchester and Birmingham among its most profitable routes.
