CEO refuses to increase salary and benefits

 

Arshad Malik, chief executive officer of the national airline, refused to increase the salary and benefits. The PIA board had increased the monthly salary of the CEO to Rs 1.8 million. According to the details, the CEO of PIA, Arshad Malik, has said that due to Corona, the airlines of the world are suffering from losses, while due to the global epidemic, 80% of the operations of the airlines around the world are closed, and the national airline The line is also in crisis.

In such a situation, an increase in salary and benefits is not acceptable, so I will voluntarily receive the same salary as on the occasion of deputation from the Air Force. On the other hand, Prime Minister Imran Khan has said that due to Corona, airlines around the world suffered losses but PIA benefited. In 2019, PIA earned a profit of Rs 7.8 billion, while in 2018, it lost Rs 19.8 billion. It is moving towards improvement. A meeting of the Federal Cabinet was held under the chairmanship of Prime Minister Imran Khan in which a 15-point agenda was considered. The meeting reviewed the political, security and economic situation of the country.

Prime Minister Imran Khan praised the Chief Executive of the national airline and said that PIA is moving towards improvement, airlines around the world have suffered due to Corona, but PIA has benefited due to reforms. The restructuring process of IA was directed to be completed soon. The Prime Minister was informed that PIA earned a profit of Rs 7.8 billion in 2019, while the loss of PIA in 2018 was 19.8 billion, similarly last year in 2018 the operational loss of PIA was 32 billion, in 2019 PIA A's operational loss was 7.7 percent.