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PIA suffers huge losses of Rs 47 billion

PIA suffers huge losses of Rs 47 billion

ISLAMABAD – It has been learnt that Pakistan International Airlines (PIA) has caused national exchequer to suffer a huge loss of Rs47.3 billion, media has reported.

The auditor general’s report 2016-17 stated that Rs37.15 bn were spent on unnecessary repair work by the officials whereas another Rs4.7 bn were lost to non-effective accords.

Similarly Rs2.57 were lost to catering agreements and Rs960 million to non-payments from govt’s departments, Rs40.6 mln were lost over irregular appointments and Rs120.88 mln to unnecessary agreements.