ISLAMABAD: Pakistan has welcomed the decision of the European Aviation Safety Agency (EASA) to lift a ban on Pakistan International Airlines (PIA) flights to the bloc, with Prime Minister Shehbaz Sharif saying it would make air travel easier for Pakistanis living in Europe.
EASA suspended PIA’s authorization to operate in the EU in June 2020 over concerns about the ability of Pakistani authorities and its Civil Aviation Authority (PCAA) to ensure compliance with international aviation standards.
The suspension came days after Pakistan launched an investigation into the validity of pilots’ licenses issued in the country following a PIA plane crash that killed 97 people.
In his statement on Friday, PM Sharif said the lifting of EASA’s ban would strengthen the national flag carrier’s reputation and bring financial benefits to the airline, the state-run Radio Pakistani broadcaster reported.
“The lifting of the ban reflects the successful policies of Pakistan and air travel will become easier for Pakistanis living in Europe,” Sharif was quoted as saying by the broadcaster.
The ban was costing PIA nearly 40 billion Pakistani rupees ($144 million) in revenue annually, according to government records presented in parliament.
PIA and the government had been pressing EASA to lift the ban even provisionally. The government’s attempt to privatize the airline fell flat when it received only a single offer this year, that too well below its asking price.
In a statement, the PIA also vowed to abide by the EASA regulations as it welcomed the lifting of the ban.
“The PIA administration will remain fully compliant with EASA and its rules and regulations,” the airline said.
Lifting of EU safety agency ban on PIA flights will make air travel easier for Pakistanis — PM
https://arab.news/bgxez
Lifting of EU safety agency ban on PIA flights will make air travel easier for Pakistanis — PM
- European Aviation Safety Agency suspended PIA’s authorization in June 2020 over aviation safety concerns
- The suspension came days after Pakistan launched an investigation into the validity of pilots’ licenses
Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts
- Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
- Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December
KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate.
The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points.
Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last month, breaking a four-meeting hold in a move that surprised markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry.
“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News.
The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.
Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.
“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said.
https://x.com/toplinesec/status/2006690862483624136
Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”
“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.
