Comment by Riaz Haq on June 25, 2022 at 6:37pm

A new runway at Faisalabad International Airport will be completed by October this year, enabling Boeing 777 aircraft to land, said Airport Manager Muhammad Anwar Zia.


Addressing Faisalabad Chamber of Commerce and Industry (FCCI) here on Thursday, he added that the air cargo complex was also under construction and 75% of the work was expected to be completed before the runway becomes operational.

Zia expressed satisfaction over the available passenger load and air cargo and said that 102 domestic and international flights were successfully operating from Faisalabad airport.

Zia expressed satisfaction over the available passenger load and air cargo and said that 102 domestic and international flights were successfully operating from Faisalabad airport.

He said the old runway could only accommodate small planes, which prompted authorities to construct a new runway for wide-bodied aircraft, in view of the projected increase of passengers and air cargo from the city and its catchment areas.

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The new runway will be completed by October this year, enabling Boeing 777 to land at Faisalabad International Airport.

This was stated by airport manager Muhammad Anwar Zia at a meeting with FCCI officials on Thursday.

He said the air cargo complex was also under construction and 75 per cent of the work would be completed before the runway becomes operational.

He expressed satisfaction over the available passenger load and air cargo and said the airport was in a deficit of Rs220 million when he was posted here.

“It is now earning a profit of Rs2 billion,” he said and added that presently 102 domestic and international flights are operating from this airport facility in a month. He said that only small planes could land on the old runway, prompting authorities to construct a new runway.

He said a study was conducted to evaluate the passenger load before contacting international airlines. At that time the available passenger load was only 70,000 which jumped to 500,000 and is now expected to cross the mark of 800,000 within the next few years. He said that in a similar pattern, we must calculate the available tonnage of air cargo so that the airlines could be convinced to launch a dedicated air cargo service from this port.

He asked the FCCI to share data on air cargo so that a comprehensive study could be finalised. Four planes can be parked at a time and more facilities will also be arranged after calculating the passengers and air cargo shipments, he said.

https://www.dawn.com/news/1696356/faisalabad-airport-to-get-new-runway

Comment by Riaz Haq on August 3, 2022 at 7:17am

Pakistan Institute of Development Economics (PIDE)
@PIDEpk
Hotel & restaurant industries of Pakistan seem to be in their incubation phase – with significant room for improvement, particularly if the country wishes to keep up with global trends. KB by
@AbbasMoosvi
&
@syedtalhaali922

https://twitter.com/PIDEpk/status/1554784076678176768?s=20&t=Xm...

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The tourism and hospitality industry has been rising in significance in Pakistan over the past few years, contributing 5.9% to national GDP and generating 3.8 million jobs in the year 2019. In terms of growth rates, this industry expanded by 3.5% in the same year, compared to the 2.5% expansion of the Pakistani economy as a whole.

Considering the general growth of the tourism and hospitality industry of Pakistan, the Pakistan Institute of Development Economics carried out a series of focus group discussions and collected data via questionnaires with key stakeholders in the restaurant and tourism sectors – two of the primary contributors to the hospitality and tourism industry – to ascertain salient bottlenecks in these markets and how they can be corrected.

1.Introduction and Overview

The tourism and hospitality industry constitutes a significant portion of global trade and investment. In 2019, it made up 10.4% of global GDP and supported 334 million jobs – amounting to approximately 1/10 of the international workforce.

During the 2014-2019 period, the industry was responsible for a whopping ¼ of all new jobs created – indicating a thriving demand for the service around the world. In terms of tourist expenditures, the majority – i.e. 71.7% – go to domestic services, signifying a general preference for local options.

In the Asia-Pacific region, of which Pakistan is a part, the GDP arising from tourism and hospitality stood at USD 3.061 trillion in the year 2019 – and generated approximately 185.1 million jobs. It was the highest performing region in terms of annual growth of the industry worldwide.

In the subsequent year, the tourism and hospitality industry took a significant hit around the world – leading to the loss of 62 million jobs, an aggregate decline of 18.5%. The brunt of the impact was absorbed by the SME sector, which constituted 80% of enterprises in the industry.

https://pide.org.pk/research/hotel-and-restaurant-industries-of-pak...

Comment by Riaz Haq on August 7, 2023 at 6:55pm

Pakistan plans to privatise its loss-making national carrier Pakistan International Airlines (PIAa.PSX), the government said on Monday, as the country also seeks to outsource its airport operations in line with an IMF deal.

https://www.reuters.com/business/aerospace-defense/pakistan-privati...

The privatisation decision was taken at a meeting of the Cabinet Committee of Privatisation chaired by Finance Minister Ishaq Dar.

The committee "after deliberation decided to include Pakistan International Airlines Co. Ltd in the list of active privatisation projects of the ongoing privatisation programme, following an amendment in the law by the Parliament," a finance ministry statement said.

The committee also backed the hiring of a financial adviser to process the transaction of Roosevelt Hotel, New York, an asset of the PIAInvestment Limited, it added.

Pakistan hopes to resume PIA flights to Britain in the next three months after services were suspended following a fake pilot scandal.

The PIA flights to Europe and the UK have been suspended since 2020 after the European Union's Aviation Safety Agency revoked the national carrier's authorisation to fly to the bloc following the pilot licence scandal.

The privatisation of a state-owned enterprise, the PIA, which has accumulated hundreds of billions of rupee in losses and arrears, comes after Pakistan agreed to fiscal discipline plans with the International Monetary Fund.

Pakistan secured a $3 billion IMF bailout in June.

Reporting by Asif Shahzad in Islamabad and Baranjot Kaur in Bengaluru Editing by David Goodman, Mark Potter and Alistair Bell

Comment by Riaz Haq on August 18, 2023 at 5:59pm

Boost to tourism: First international flight lands at Skardu airport
In a touching gesture, the captain of the flight opened a window and proudly hoisted the national flag

https://www.thenews.com.pk/print/1100304-boost-to-tourism-first-int...


SKARDU: A historic moment unfolded at Skardu International Airport as flight PK 234 touched down, marking it the first-ever international flight to land on Skardu soil.

The arrival was celebrated with a heartwarming water cannon salute, painting the skies with a majestic display of water arcs.

In a touching gesture, the captain of the flight opened a window and proudly hoisted the national flag, symbolising the unity and pride of the nation. Traditional hats and thoughtful gifts were joyously distributed among the passengers aboard the inaugural flight, setting the tone for a remarkable journey.

While the initial tourist count was modest, with only 80 passengers on this milestone flight, officials from the national airline revealed that these travelers had embarked on a journey from Dubai to Skardu, making a connecting stop at Skardu. This strategic connection is expected to pave the way for an influx of tourists, injecting new life into the local tourism industry.

The residents of Skardu are excited at this as a momentous step towards boosting the region’s tourism. With Skardu being renowned for its breathtaking landscapes and rich cultural heritage, the commencement of international flights is anticipated to open doors to a world of opportunities.

The successful landing of the first international flight on the auspicious occasion of Independence Day has added an extra layer of jubilation to the festivities.

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