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MarketScreener Homepage  >  Equities  >  The Pakistan Stock Exchange  >  Pakistan International Airlines Corporation Limited    PIAA   PK0003401012

PAKISTAN INTERNATIONAL AIRLINES CORPORAT

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Pakistan International Airlines : World leaders, missions saddened over causalities in PIA plane crash

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05/23/2020 | 07:27am EDT

World leaders and foreign missions of various countries in Pakistan expressed sadness over causalities in Pakistan International Airlines' (PIA) plane crash in Karachi.

A Lahore-Karachi bound PIA flight PK8303, which was carrying 99 passengers and eight crew members, crashed in a densely-populated area near Karachi's airport, killing many and injuring several others.

In their separate messages, Canadian Prime Minister Justin Trudeau, Indian Prime Minister Narendra Modi, Indian politician Rahul Gandhi, Afghan President Ashraf Ghani, Nepalese Prime Minister K P Sharma Oli, Turkish Foreign Minister Mevlut Cavusoglu and embassies of the United States, China, France, Netherlands and European Union expressed condolences over deaths and wished early recovery of those injured. Foreign Ministers of Canada, Switzerland, Netherlands and Sri Lanka also phoned up their Pakistani counterpart Shah Mahmood Qureshi separately to condole over the tragic incident.

Canadian Prime Minister Trudeau expressed condolences to the families of victims in the Pakistan International Airlines flight PK 8303 plane crash in Karachi.

He said, 'This morning, we awoke to terrible news coming out of Pakistan. A Pakistan international Airlines plane carrying over 100 passengers crashed in a residential neighbourhood in Karachi. My heart goes out to all the victims and their families. Our thoughts are with Pakistan today.'

'Deeply saddened by the loss of life due to a plane crash in Pakistan. Our condolences to the families of the deceased, and wishing speedy recovery to those injured,' Indian Prime Minister Modi said on his Twitter handle.

Congress leader Gandhi too condoled the loss of lives in the crash and said he is praying for 'miraculous stories of survival'.

'I'm sorry to hear about the air crash in Pakistan in which many lives have been lost. News of survivors is a ray of hope and I pray that there are many miraculous stories of survival tonight. My deepest condolences to the families of those who have perished,' he tweeted.

'My heart goes out to the families of victims who lost their lives… I offer my sincere commiserations to the people and the government of Pakistan. Afghans stand with you in this moment of grief,' Afghan President Ghani tweeted.

The Nepalese prime minister also took to Twitter and expressed his 'heartfelt condolences to the government of Pakistan and the bereaved family members who lost their loved ones' and wished early recovery to the injured.

The Chinese embassy in Pakistan while sympathizing with the victim families, said, 'We stand with Pakistan in the time of sadness.'

'On behalf of the US Mission to Pakistan, I offer my deepest condolences to the people of Pakistan and the families of those who lost their lives today in the plane crash near Karachi,' US Chargé d'Affaires a i Ambassador Jones said.

In his message, Turkish Foreign Minister Cavusoglu condoled over the life loss in the plane crash and prayed for mercy on those who lost their lives. 'Condolences to our Pakistani brothers and sisters. Friendly and brotherly Pakistan's pain is our pain,' the Turkish foreign minister said on Twitter.

In their separate messages, Ambassador of the European Union Kaminara, Netherlands' Ambassador to Pakistan Plomp and French embassy in Pakistan also expressed their grief and sympathised with the bereaved families.

The Foreign Ministers of Canada, Switzerland, Netherlands and Sri Lanka conveyed sadness at the tragic occurrence and expressed solidarity with government and people of Pakistan at the loss of precious lives.

Qureshi individually thanked all four foreign ministers for expressing solidarity in this moment of grief.

© Pakistan Press International, source Asianet-Pakistan

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Financials
Sales 2019 165 B 1 000 M 1 000 M
Net income 2019 -55 979 M -340 M -340 M
Net Debt 2019 322 B 1 954 M 1 954 M
P/E ratio 2019 -0,62x
Yield 2019 -
Capitalization 22 406 M 136 M 136 M
EV / Sales 2018 2,48x
EV / Sales 2019 2,17x
Nbr of Employees -
Free-Float 55,0%
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NameTitle
Arshad Mahmood Malik Chairman, President & Chief Executive Officer
Syed Aijaz Mazhar Chief Operating Officer
Khalilullah Shaikh Chief Financial Officer
Amir Ali Chief Technical Officer
Khalid-ul-Rehman Barlas Chief Information Officer
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