PIA posts Rs34.6bn loss in 2020 - Newspaper : vimarsana.com

PIA posts Rs34.6bn loss in 2020 - Newspaper


KARACHI: Pakistan International Airlines Corporation Ltd (PIA) announced loss for the year 2020 at Rs34.6 billion and loss per share (LPS ) at Rs3.31 for ‘B’ class ordinary shares of Rs5 each.
The loss stood reduced from Rs52.6bn and LPS at Rs5.02 suffered in 2019. Revenue stood down to Rs95bn for 2020 from Rs148bn the earlier year. Reduction in exchange loss, finance costs and growth in other income made the bottom-line appear better than the previous year.
UBL sings agreement with NIFT
UBL Digital recently signed a strategic agreement with NIFT to enable digital payments (mobile/e-commerce) via ‘NIFTePay.’
“This partnership will allow UBL Branch and OMNI customers to conduct secure e-commerce transactions directly through their accounts,” said a press release issued by UBL on Wednesday.

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