Why the Numbers Finally Add Up
Pakistan’s Fiscal Reality (FY24)
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Salary tax collected: Rs 367 billion
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SOE losses: Rs 851 billion
That’s 2.3× more money lost by SOEs than collected from all salaried employees combined.
This is not ideology. This is arithmetic.
PIA’s Own Turnaround Trend
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FY23 loss: Rs 26 billion
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FY24 loss: Rs 15 billion
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42% improvement year-on-year
PIA is still bleeding—but it’s bleeding less, after:
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Debt restructuring
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Route normalization
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Cost discipline
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Reduced political interference
Privatization isn’t the starting point. It’s the next step.
“But No Private Airline Ever Succeeded in Pakistan”
True—and incomplete.
Failed carriers include:
Shaheen Air, Bhoja, Air Indus, Hajvairy, Aero Asia, Serene
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