Times of Islamabad

Rs 360 billion loss to PIA in Nawaz – Zarfari era: Audit Report

Rs 360 billion loss to PIA in Nawaz – Zarfari era: Audit Report

ISLAMABAD – According to the audit report of the last 10 years, thenational entity PIA had suffered the losses of Rs360 billion since 2008.PIA incurred the losses of Rs28 billion in 2001, Rs36 billion in 2008, Rs45billion in 2016, and 44 billion in 2017.

The 88 per cent of the losses were caused during the past ten years becauseof higher expenditures than the PIA’s income. The recruitment in PIA hadbeen made on political basis over the last 10 years, the report say.

After going through the audit report, the chief justice had said the lossescaused by PIA to the national exchequer stood at Rs73 billion in 2008 butsoared to Rs360 billion within a decade.

The court was further informed that there were seven unions of PIAemployees having affiliation with different political parties.