Pakistan’s national flag carrier, PIA, and the country’s largest bank, HBL, signed an agreement to offer HBL clients an exclusive discount on all their international and domestic travel tickets.
The agreement was signed between Air Marshal Arshad Malik, Chief Executive Officer, PIA, and Muhammad Aurangzeb, President & CEO, HBL. Present at the ceremony were Sultan Ali Allana, Chairman, HBL, and senior managers from both organizations.
HBL and PIA have a longstanding relationship that is spread over numerous successfully executed transactions. HBL stands as PIA’s leading banking partner and the preferred service provider for PIA’s banking needs at home and abroad. HBL’s partnership with the National Carrier ranges across multiple product lines including nationwide collections, payments and payroll management, point of sale (POS) systems, and trade finance.
The two organizations have also worked together on various offshore and local financing solutions including HBL’s recent participation in the syndicated USD denominated long-term financing facility and PIA’s latest SUKUK offering.
This alliance will allow HBL Debit and Credit Cardholders to enjoy exclusive discounts on their domestic and international travel via PIA. The national flag carrier has the vision to promote tourism in Pakistan, especially the beautiful natural landscapes that the country has to offer. HBL being the market leader in the Debit and Credit Card market, with the highest number of cardholders will help bring this vision to life.
Transactions can be made both at the PIA booking offices (domestic and international) as well as through its corporate website, making the process convenient and seamless for the customers.
Air Marshal Arshad Malik congratulated both teams for creating a new dimension in air travel in the country. Speaking on the occasion, he said,
“PIA is following a comprehensive restructuring plan to turn around the stature of the national flag carrier. We are en route to resurgence despite the recent challenges, and this is only possible with an enhanced focus on partnerships and alliances with organizations like HBL.”
He said that PIA and HBL are long-term partners and natural allies, and it is about time we join hands to promote tourism across the country. He termed Sultan Ali Allana, Chairman, HBL as a great friend of PIA and a guiding beacon for the corporate sectors of Pakistan.
Muhammad Aurangzeb, President & CEO, HBL, commenting on the occasion said
“We are delighted to have entered into this strategic partnership with PIA. HBL has a long-standing relationship with PIA. This alliance will make travel more rewarding for our customers and it is another step towards HBL’s commitment to supporting the national agenda to promote travel and tourism across Pakistan.”
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