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Pakistan International Airlines concludes financing facility of $130mn

Karachi, November 24, 2016 (PPI-OT): Pakistan international Airlines (PIA) has concluded a financing facility of USD 130 millions lead arranged by United Bank limited Pakistan 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 utilised by PIA for its general working capital requirements and improvement in passenger services.

For more information, contact:
General Manager
Public Affairs
Pakistan International Airlines (PIA)
PIA Head Office Airport
Karachi
Tel: +92-21-99043823
Fax: +92-21-34572225, +92-21-34570419
Cell: +92-322-7420707
Website: www.piac.com.pk

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