PIA Concludes Financing Facility Of $ 130 Mln
Fahad Shabbir (@FahadShabbir) Published November 24, 2016 | 05:55 PM
KARACHI, (UrduPoint / Pakistan Point News - 24th Nov, 2016 ) : The Pakistan international Airlines (PIA) has concluded a financing facility of USD 130 millions lead arranged by United Bank limited and Credit Suisse Singapore office.
A spokesman of the national flag carrier said here on Thursday that the agreement to this affect was recently signed in Dubai.
The lenders include Credit Suisse, United Bank limited and National Bank of Pakistan.
The facility reflects the confidence and trust of the international financing institutions on the operations of PIA and will be utilised by PIA for its general working capital requirements and improvement in passenger services, the spokesman added.
Related Topics
Recent Stories
Rock-solid Ruud racks up season-leading win in Barcelona
At UN, Iran says it will make Israel 'regret' reprisals
G7 hears calls for 'critical' Ukraine aid
EU seeks to leverage might to confront China, US challenge
5 Customs officials martyred as their vehicle ambushed by terrorists in D I Khan
Pak-New Zealand match called off due to rain
NHA restores traffic on roads affected by recent rains in Balochistan
China to fully support Pakistan's efforts against terrorism: Ambassador Jiang
U.S. envoy calls on Foreign Minister Ishaq Dar
Poland arrests man over suspected plan to kill Zelensky
EU wants to ease youth movement to and from UK
Police foils attempt of supply mainpuri raw material
More Stories From Pakistan
-
5 Customs officials martyred as their vehicle ambushed by terrorists in D I Khan
5 hours ago -
NHA restores traffic on roads affected by recent rains in Balochistan
6 hours ago -
China to fully support Pakistan's efforts against terrorism: Ambassador Jiang
6 hours ago -
U.S. envoy calls on Foreign Minister Ishaq Dar
6 hours ago -
Police foils attempt of supply mainpuri raw material
6 hours ago -
Govt making efforts to eradicate polio: DC
6 hours ago
-
Parliamentarians hail President's speech as reminiscent of state policy, rebuke Opposition's protest
6 hours ago -
Collective efforts to overcome challenges to education, say speakers at Int'l conference
6 hours ago -
RCB destroys 200 Kg of unhealthy meat
6 hours ago -
Turkish CGS calls on Army Chief, commends Pakistan Army's role in combating terrorism
6 hours ago -
CM directs to prepare wheat purchase plan for next season
6 hours ago -
Participants of management course of WAPDA Administrative Staff College meet Governor
6 hours ago