Trends - IATA - Business Recorder

IATA

Profit and dividend repatriation in 10MFY24

Profit and dividend repatriation on FDI during 10MFY24 has exceeded the FY23 annual tally by three times already....

Published 05 Jun, 2024 06:40am

Markets

IATA again urges Pakistan to release blocked airline funds

The International Air Transport Association (IATA), a trade body of global airlines, on Tuesday again urged Pakistan...

Updated 04 Jun, 2024 06:56pm

Business & Finance

Pakistan highlighted as ‘core part’ of Emirates’ strategy as Dubai’s annual Arabian Travel Market event concludes

DUBAI: Pakistan was highlighted as a “core part” of Emirates’ growth strategy as the annual Arabian Travel Market...

Updated 11 May, 2024 10:52pm

Markets

Airline revenues: IATA urges Pakistan to allow repatriation of $399mn

Pakistan should simplify onerous process for repatriation, including requirement to provide audit certificates and tax exemption certificate, association says

Updated 26 Apr, 2024 09:55pm

Opinion

Amidst the what, how, when to privatize

As airline privatization began in the late 20th century, the airline industry historically subject to strict control...

Updated 13 Dec, 2023 06:09am

ECC advocates beleaguered PIA’s sell-off

Economic Coordination Committee directs that emphasis should be given to PIACL’s privatisation instead of restructuring as the national flag-carrier is on active list of privatisation

Updated 14 Sep, 2023 11:31am

Life & Style

Rising prices for travel do not appear to be curbing wanderlust

LONDON/CHICAGO/NEW YORK: The post-pandemic travel boom and the high ticket prices that come with it show no signs of...

Published 09 Aug, 2023 06:17pm

Life & Style

Pakistani passport retains status as fourth-worst in the world

The Henley Passport Index released its rankings for Q3 2023

Updated 19 Jul, 2023 06:03pm

Rs4bn TSG to be given: Govt to help PIAC secure Rs13bn commercial loans

ISLAMABAD: The government has decided to facilitate Pakistan International Airlines Corporation (PIAC) to secure...

Updated 04 Jul, 2023 09:11am

Business & Finance

Air travel to soar near record in 2023: industry group

ISTANBUL: Airlines will return to profit and fly a near-record 4.35 billion passengers this year, but the sector’s...

Published 06 Jun, 2023 05:33am

Business & Finance

Global airlines more than double 2023 profit outlook

ISTANBUL: Global airlines more than doubled their 2023 industry profit forecast to $9.8 billion from $4.7 billion on...

Published 05 Jun, 2023 12:33pm

Pakistan

IATA says blocked airline funds by countries including Pakistan threaten connectivity

Pakistan is among the top five nations in the world that have blocked airline funds

Updated 05 Jun, 2023 04:37pm

Pakistan

Air carriers face ‘very challenging’ environment as $290mn stuck in Pakistan: IATA

The International Air Transport Association (IATA), a trade association of global airlines, has warned that Pakistan...

Published 16 Mar, 2023 06:02pm

Air tickets: new rates of FED fixed

According to the new rates, the FED would be applicable on club, business and first-class air tickets issued on or after the date of commencement of the Finance (Supplementary) Bill 2023

Updated 21 Feb, 2023 12:40pm

Business & Finance

TAAP says Pakistan’s travel and tourism industry facing doom and gloom situation

The Travel Agents Association of Pakistan (TAAP) has urged the government of Pakistan and the State Bank to allow...

Published 15 Feb, 2023 09:01pm

Business & Finance

Airbus and Qatar Airways settle bitter A350 jet row

PARIS: Airbus and Qatar Airways have settled a dispute over grounded A350 jets, the companies said on Wednesday,...

Published 02 Feb, 2023 11:26am

World

Airlines slam ‘ineffective’ Covid tests for China travellers

PARIS: The global airline association criticised on Wednesday decisions by governments to impose Covid tests and...

Published 04 Jan, 2023 04:57pm

Business & Finance

Airlines see return to profit in 2023, clash with airports

GENEVA: Global airlines are predicting their first industry-wide profit since 2019 next year as air travel rebounds...

Published 12 Dec, 2022 06:07am

Business & Finance

IATA says Pakistan has blocked $225mn in airline funds from repatriation

Airline funds blocked from repatriation in more than 27 countries and territories with Pakistan among the top markets: IATA

Updated 08 Dec, 2022 04:48pm

Business & Finance

Airlines to return to profitability in 2023: IATA

GENEVA: The airline industry will become profitable again next year for the first time since 2019 as a snapback in...

Published 06 Dec, 2022 03:14pm

Business & Finance

Aviation chiefs warn of prolonged ticket price pain

DOHA: Aviation industry leaders warned Wednesday that travellers must brace for even higher ticket prices as the...

Published 26 Sep, 2022 08:08am

World

Global airlines chief slams new Heathrow restrictions

LONDON: The head of a body representing global airlines hit out at new restrictions at London’s Heathrow on...

Published 13 Jul, 2022 05:48am

Business & Finance

Air industry recovery gathering pace despite uncertainty: IATA

DOHA: Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry’s...

Published 21 Jun, 2022 05:51am

Business & Finance

Air industry recovery gathering pace despite uncertainty: IATA

DOHA: Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry’s...

Published 20 Jun, 2022 01:11pm

Business & Finance

Qantas, Airbus to invest up to $200mn to develop Australian sustainable aviation fuel industry

DOHA: Qantas Airways and Airbus said on Sunday they would invest up to $200 million to accelerate the development of...

Published 19 Jun, 2022 05:35pm

World

US drops COVID testing for incoming international air travelers

WASHINGTON: The United States late Friday rescinded a 17-month-old requirement that people arriving in the country ...

Updated 12 Jun, 2022 12:14pm

Pakistan

Renewal of IOSA registration: PIA successfully underwent operation safety audit by IATA

KARACHI: Pakistan International Airlines Corporation Limited (PIACL) successfully underwent operational safety audit...

Published 04 Jun, 2022 04:18am

Markets

Jet fuel cracks climb; China demand weakness weighs on recovery

SINGAPORE: Asian refining margins for jet fuel rose on Wednesday, buoyed by expectations for airline capacity...

Published 19 May, 2022 05:29am

World

China’s zero-Covid policy to hit Asia aviation recovery: IATA

SINGAPORE: China’s zero-Covid policy will hold back a full air travel recovery in the Asia-Pacific region, a top...

Published 17 May, 2022 02:48pm

Business & Finance

PIA could grow its annual revenues to $1.7bn by 2026

Under IATA consultancy business plan 2022-26, airline projected to break-even by 2025

Updated 02 Feb, 2022 02:13pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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