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Parameterized Inapproximability Hypothesis (PIH) is a central question in the field of parameterized complexity. PIH asserts that given as input a 2-CSP on k variables and alphabet size n, it is 𝖶[1]-hard parameterized by k to distinguish if the input is perfectly satisfiable or if every assignment to the input violates 1% of the constraints. An important implication of PIH is that it yields the tight parameterized inapproximability of the k-maxcoverage problem. In the k-maxcoverage problem, we are given as input a set system, a threshold τ > 0, and a parameter k and the goal is to determine if there exist k sets in the input whose union is at least τ fraction of the entire universe. PIH is known to imply that it is 𝖶[1]-hard parameterized by k to distinguish if there are k input sets whose union is at least τ fraction of the universe or if the union of every k input sets is not much larger than τ⋅ (1-1/e) fraction of the universe. In this work we present a gap preserving FPT reduction (in the reverse direction) from the k-maxcoverage problem to the aforementioned 2-CSP problem, thus showing that the assertion that approximating the k-maxcoverage problem to some constant factor is 𝖶[1]-hard implies PIH. In addition, we present a gap preserving FPT reduction from the k-median problem (in general metrics) to the k-maxcoverage problem, further highlighting the power of gap preserving FPT reductions over classical gap preserving polynomial time reductions.