Author: admin

KARACHI:

The Pakistan International Airlines (PIA) has successfully passed the European Union’s cargo audit, marking a highly positive development for Pakistan’s aviation industry.

The audit was carried out by OGADA, the organization responsible for inspecting and validating cargo operations in the European Union.

The OGADA validation team carried out audits at Karachi, Lahore and Islamabad airports.

Following the successful completion of the audit, it renewed PIA’s cargo license.

The EU officially issued the updated license and formally informed PIA CEO Amir Hayat and the director general of the Civil Aviation Authority (CAA) of the development.

With the renewal of this cargo license, PIA can now transport cargo on its passenger flights to the UK and Europe. The CAA’s director of aviation security led coordination efforts and ensured full cooperation with the EU audit team throughout the process.

PIA had already been granted a cargo license for the UK prior to this, and the EU cargo auditors have now extended PIA’s license until 2028.

Japan’s bond market heads into a sale of policy-sensitive two-year notes Friday on a somewhat stronger footing on speculation the Bank of Japan isn’t rushing into the next rate increase.

The auction comes 24 hours after the BOJ’s first policy decision Thursday under a new government led by Sanae Takaichi, who’s seen as an advocate of relatively low rates. Governor Kazuo Ueda gave few hints about the next rate hike after the BOJ stood pat on policy, saying that the central bank isn’t falling behind the curve in the fight against inflation.