ISLAMABAD: A parliamentary panel was informed on Wednesday that the Pakistan International Airlines has no plans to sell the Roosevelt Hotel in New York.

A meeting of the National Assembly Standing Committee on Parliamentary Affairs presided over by its chairperson Dr Shezra Mansab Ali Khan Kharal discussed the abrupt discontinuation of PIA flights to and from New York and other issues related to the national flag carrier.

Mian Tariq Mahmood asked Irfan Elahi, the aviation secretary who is also acting as chairman of PIA, to tell the committee why the New York operation was suspended.

The aviation secretary informed the meeting that the PIA incurred Rs1.5bn losses from New York operation last year and it had been facing losses for the past 10 years or so.

When Mr Mahmood said there were reports that the PIA was going to sell its Roosevelt Hotel in New York, the acting PIA chairman said that there was no such plan.

The meeting expressed annoyance over the poor performance of the national airline and directed its management to improve the situation.

After the meeting, Mr Mahmood said that the committee had directed the PIA management to furnish complete details of the Roosevelt Hotel.

Talking to Dawn, Irfan Elahi said the PIA was unable to compete with its competitors, such as Gulf, Turkish and Qatar airlines. “After closing our New York operations, we are focusing on profit-earning routes, such as Saudi Arabia,” he said, adding that flight operations for China and France would also be improved.

Published in Dawn, November 23rd, 2017

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Geopolitical games
Updated 18 Dec, 2024

Geopolitical games

While Assad may be gone — and not many are mourning the end of his brutal rule — Syria’s future does not look promising.
Polio’s toll
18 Dec, 2024

Polio’s toll

MONDAY’s attacks on polio workers in Karak and Bannu that martyred Constable Irfanullah and wounded two ...
Development expenditure
18 Dec, 2024

Development expenditure

PAKISTAN’S infrastructure development woes are wide and deep. The country must annually spend at least 10pc of its...
Risky slope
Updated 17 Dec, 2024

Risky slope

Inflation likely to see an upward trajectory once high base effect tapers off.
Digital ID bill
Updated 17 Dec, 2024

Digital ID bill

Without privacy safeguards, a centralised digital ID system could be misused for surveillance.
Dangerous revisionism
Updated 17 Dec, 2024

Dangerous revisionism

When hatemongers call for digging up every mosque to see what lies beneath, there is a darker agenda driving matters.