Saudi Aviation Authority threatens to halt PIA flights
Ministry for Finance, while expressing grave concern over rising debt of PIA, has urged authorities concerned to craft comprehensible plan for issuance of payments.
Finance ministry has also asked national flag career’s authorities to release Rs2.20 billion for Saudi Civil Aviation Authority at earliest as later has threatened to put all flight operations for PIA to halt over unpaid dues.
PIA is supposed to make payments worth Rs25 billion in term of loan and interest during period of January 1-2017 to June 30-2017.
National flag career owes a debt of Rs15.16 billion to federal government, Rs4.22 billion to non-government organizations and Rs5.54 billion in terms of interest on loans.