Pakistan stood among the top markets where airline funds have been blockedfrom repatriation, according to International Air Transport Association(IATA).
Pakistan has blocked $225 million of airline funds for repatriation. Theaviation body shared that airline funds are being blocked from repatriationin more than 27 countries and territories.
“Total funds blocked now tally at close to $2 billion,” informed IATA,which called on governments to remove all barriers to airlines repatriatingtheir revenues from ticket sales and other activities, in line withinternational agreements and treaty obligations.
IATA warned that the amount of airline funds for repatriation being blockedby governments has risen by more than 25% ($394 million) in the last sixmonths.
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As per IATA, Pakistan is among the top five nations in the world that haveblocked airline funds (excluding Venezuela).
Other countries on the list are Bangladesh, Lebanon, and Algeria, whichhave blocked $208 million, $144 million, and $140 million, respectively.
