PIA to receive USD $130 million for operating capital assistance

PIA concludes financing facility of USD 130 Million

Pakistan International Airlines (PIA) has concluded a financing facility of USD 130 million lead arranged by United Bank and Credit Suisse Singapore office.

The agreement to this affect was recently signed in Dubai. The Lenders include Credit Suisse, United Bank limited and National Bank of Pakistan.

The facility reflects the confidence and trust of the international financing institutions on the operations of PIA and will be utilized by PIA for its general working capital requirements and improvement in passenger services.

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