Vice Chief of Air Staff Air Marshal Arshad Mahmood Malik has been appointed as the new chairman of Pakistan International Airlines (PIA) by the federal government.

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While talking to the media after a meeting of the federal cabinet, chaired by Prime Minister Imran Khan on Thursday, the Information Minister Fawad Chauhdry said, “PIA is already under a heavy debt of Rs406 billion.”

The information minister said that the new chairman has been directed to immediately fix the airline's economic woes as the national flag carrier is facing a further monthly loss of Rs2 billion.

In addition, he said Aoun Abbas has been appointed as chairman of Baitul Maal.