Pakistan International Airlines (PIA) posted a profit before tax in the first half of 2025, which, according to a source from the company, is its first for the period in approximately two decades, before a scheduled sale of the national carrier later this year.
PIA, which is part of the PIA, Piaha portfolio company. PSX recorded a profit before tax of RS11.5 billion ($ 40.64 million) in the six months until June, compared to the same period in 2024, while it remained in loss before taxes and only managed a rare annual benefit through deferred tax adjustments. The net profit for the current semester of 6.8 billion rupees.
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The disclosure comes as Islamabad is continuing a new attempt to privatize the airline, a key condition in the bailum plan of the $ 7 billion in Pakistan.
A source from the company said it was the first benefit of these airlines managed by the state since 2004. Financial files before 2014 are no longer accessible to the public on the airline and stock market websites.
The planned sale of Pakistan International Airlines would mark the country’s first major privatization in about two decades, with the disinvestment of companies in the loss of loss, a central board of bailout of last year.
Find out more: PIA flights to us can also resume
Lucrative British roads
The high costs of fuel and service continue to weigh, but a sharp drop in financing costs after Islamabad has taken about 80% of the debt inherited from the PIA last year was a decisive factor in its return to profit. Despite the gain, the PIA equity remains negative, stressing the fragility of its turnaround.
A previous attempt at privatization collapsed last year after a single lowball offer was received, but the government has since aroused the interest of five groups of national companies, notably Airblue, Lucky Cement, Lukc, PSX, the investment company Arif Habib Ahl, Psx and Fauji Fertilizer Fauji Fauf. PSX. The final offers are expected later this year.
Read also: Pia hangs Canada flights for planes maintenance
Great Britain raised in July, a five-year ban on Pakistani airlines imposed after a fatal accident of 2020 and a pilot license scandal, allowing the PIA to reapplicate lucrative British roads. This decision follows similar stages of the European Union at the end of last year.
PIA had previously estimated an annual loss of income of around 40 billion rupees of the British ban, with London, Manchester and Birmingham among its most profitable routes.
