CEO PIA Turns Down Rs. 1.9 Million Monthly Salary Package

CEO PIA Air Marshal Arshad Malik has turned down a lucrative salary package exceeding Rs. 1.9 million offered to him by PIA Board of Directors and has decided to continue with the salary package that he was drawing on his deputation from the Air Force, sources told ProPakistani.

It may be noted that 25% of that salary is already reduced as part of austerity measures enforced across the company consequent to the advent of the COVID-19 pandemic.

Air Marshal Arshad M. Malik went on leave pre-retirement from the Pakistan Air Force last month and was reappointed as the national flag carrier’s CEO by the Federal Cabinet on a contract basis. As the deputation arrangements discontinued consequent to that, PIACL Board was presented with options of salary adjustment of CEO on contract-based employment.

Citing precedence from the salaries offered to his last two predecessors, Arshad Malik was offered a consolidated salary package of Rs 1.9 million. However, he turned it down as a good samaritan and decided to continue with his austerity measures enforced across the airline network. His stance was that he cannot accept the salary raise when all other employees are facing salary cuts and the airline is struggling due to a severe cash flow situation.

Chief level officers, especially the ones hired on contracts and pilots within the company have been drawing well over Rs. 2.0 million a month, hence PIACL Board had recommended this package as CEOs are supposedly earning the highest salary in any company and it might be unbalanced that a junior officer is drawing a salary three times more than the top man of the company.

Hence the decline in offer seems unprecedented.

When contacted, PIA Spokesperson declined to comment on the matter. He says that given the personal nature of the case, Arshad Malik would be better suited to answer it. However, he did confirm that a revised package had been drawn up in light of the CEO’s recommendations.

  • PIA already bankrupt, losses of Rs 450 million. No discussion on plane crash in Karachi. Diversion of minds and baning PIA to fly to Europe and UK. The written approval was sent by PIA CEO to the bored for this image building.

  • What is the current salary plus perks of PIA CEO Arshad Malik. Who can give me the correct number.

  • We r always proud of our men and women in the uniform. Their dedication and true patriotic approach always a source of strength for Pakistan. I sincerely believe and hope that Air Marshal will succeed in his endeavors to bring PIA back to its glorious past. God bless him and he is on the right path. Afyer all it was also an Air Marshal Latif whose untiring efforts land us where today we r not looking towards America otlr France for fighter planes.

  • Such a bad service and experience I have ever had in pia in.this pandemic covid 19 all air lines they extend there air tickets only one air.line pia they are asking to buy another ticket we can’t extend your ticket. I have return ticket to Abu dhabi when I.went to Islamabad pia headquarter to book my return ticket they didn’t accept my return ticket they told me to buy another ticket . A very shame on pia that’s the reason every day pia going loss and going down because of currep management . In this situation pia should help the people .

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