Lahore - Pakistan International Airlines (PIA) has concluded a financing facility of $130 million arranged by United Bank limited Pakistan and Credit Suisse Singapore office, said the PIA spokesman on Thursday.

The spokesman said that the agreement to this affect was recently signed in Dubai. The lenders include Credit Suisse, United Bank limited and National Bank of Pakistan, he added. He said the facility reflects the confidence and trust of the international financing institutions on the operations of PIA, adding that the national flag carrier will utilise this facility for general working capital requirements and improvement in passenger service.