It has been learnt through reliable sources that CEO Pakistan International Airlines (PIA), Air Marshal Arshad Malik has turned down a lucrative salary package exceeding PKR 1.9 Mn offered to him by PIA Board of Directors. According to the details, he has decided to continue with the salary package that he was drawing on his deputation from the Air Force. 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 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 PKR 1.9 Mn. However he turned it down as a good samaritan move and alighted with his austerity measures enforced across the airline network. His stance was that he can not accept the salary … Continue reading CEO PIA turns down a lucrative Salary package