World Bank willing to invest in PIA: CE

Pakistan International Airlines CE Arshad Malik said Monday that the World Bank is willing to invest in the PIA. Talking in a meeting of PIA’s Board of Directors, Arshad Malik said the administration of the PIA has managed to drop down the losses of the carrier, adding that 2 more aircrafts have been added in the PIA’s fleet. The CE said the World Bank has showed its consent to invest in the Pakistan International Airlines, while several pacts of collaboration have been signed with banks. During the meeting, Arshad Malik was briefed by the officials concerned about the reforms process in the PIA. Earlier, the airline and other private airlines jacked up their fares for their domestic passengers. <br/>