DFM ---ADX ---
2hDubai Remains the Top Choice for Long-Term Wealth CreationBusiness
9hUS Companies Flock to Dubai’s DMCC as Trade Ties Hit Record HighsBusiness
9hAirlines Betting Big on Luxury Travel to Drive Future ProfitsBusiness
9hNavigating the Risks of UAE’s Growing AI Agent EcosystemBusiness
9hTravel Disruptions Across UAE: Flight Cancellations and Delays Impact Regional RoutesBusiness
9hThe Allure of AI Trading Bots: Why Passive Profits Often Come with High RisksBusiness
9hMarket Volatility Ahead: Tech Stocks Falter as Inflation Data LoomsBusiness
9hAdnoc Distribution’s Strong Growth Driven by Network Expansion and Retail GainsBusiness
9hAl Marjan Island: How Fine Dining Is Becoming the Heart of RAK’s Real Estate BoomBusiness
10hUAE Healthcare Giant Aster DM Planning Massive Workforce ExpansionBusiness
1dThe Future of Asset Tokenization: Opportunities and ChallengesBusiness
1dAbu Dhabi Court Finds NMC Healthcare Founders Liable for $5.4 Billion FraudBusiness
3dWhy Opt for Electronic Gold Receipts? The NSE’s Vision for a Self-Reliant DhanterasBusiness
3dSPARQ Transforms Game Development with the Launch of RYFT LaunchpadBusiness
3dModon Secures Record Dh13.7 Billion Financing to Fuel ExpansionBusiness
3dDewa, Acwa Sign Dh1.76 Billion Deal for World’s Largest Desalination PlantBusiness
3dEtihad Airways Resumes Abu Dhabi-Jeddah Flights Amid Regional DisruptionsBusiness
3dAdnoc Secures Long-Term LNG Supply Deal with Gujarat EnergyBusiness
3dLulu Retail Reports Strong Q3 Growth Driven by Digital ExpansionBusiness
3dDana Gas Sees 48% Profit Surge in First Nine Months of 2026Business
3dDubai Gold Prices Dip Ahead of Festive SeasonBusiness
3dAdipec 2026 Concludes with Record-Breaking $67 Billion in DealsBusiness
4dThe Rise of AI in the UAE: Balancing Productivity with Career AnxietyBusiness
4d11.11 Shopping Season: Amazon and Noon Kick Off Massive UAE SalesBusiness
4dDubai’s Strategic Move to Secure the Future of Global Family WealthBusiness

PIA Awards Staff Bonus Following First Board Meeting Under Private Management

Mon, Aug 10, 2026(91d ago)Business

In a significant move to boost morale, Pakistan International Airlines (PIA) has announced a one-month basic salary bonus for its employees. This decision, reached during the 102nd board meeting, marks the first major policy shift under the airline's new private leadership. By rewarding its dedicated workforce, management aims to foster a more motivated team as the company embarks on an ambitious journey toward operational restructuring and future growth.

This development follows the landmark privatization of the national carrier, which saw a consortium led by Arif Habib Corporation acquire the airline in a deal worth Rs180 billion. With a fresh capital injection of Rs125 billion earmarked for fleet renewal, service improvements, and network expansion, the new owners are clearly signaling a departure from the financial turbulence that plagued the airline for years. As part of the sale terms, existing staff contracts are protected for at least a year, and this initial bonus serves as a strategic step in stabilizing the organization during this high-stakes transition.

Comments0
No comments yet. Be the first to share your thoughts.