Pakistan approves funding for carrier PIA's voluntary redundancy scheme

Pakistan has approved funding of about $81 million in cash to support flagship carrier Pakistan International Airlines' planned voluntary redundancy scheme, which could affect thousands of jobs.
 

The loss-making carrier has been looking to reduce costs, particularly since the impact of the pandemic, as well as the fallout from a fake pilot credentials scandal.
 

PIA is aiming to cut roughly one-third of its workforce, a document seen by Reuters showed, which would reduce the airline's headcount to roughly 7,000-7,500 employees from the around 11,000 staff PIA said it employed in its 2019 annual report.

The government has approved 12.87 billion Pakistani