The Pakistan International Airlines (PIA)’s Board of Directors on Friday approves a salary increase for the airline employee in response to rising inflation. The employee will get an increase cadre-wise.
According to a statement released by the PIA spokesperson, the decision was made in response to rising inflation.
“The last salary increase for PIA employees was made four years ago, after which the rising inflation rate has severely affected their living conditions,” the spokesperson said.
He added that the salary increase will help retain experienced personnel within the organization.
“The total number of PIA employees has fallen below 7,000, and continues to decline rapidly,” the spokesperson added.
Cash-strapped Pakistan was looking to offload a 51-100% stake in debt-ridden PIA, part of an effort to raise funds and reform state-owned enterprises as envisaged under a $7 billion International Monetary Fund program.
In November last year, the government rejected the sole bid for a stake in national carrier Pakistan International Airlines (PIA), the privatisation ministry said in a statement on Wednesday.
