PIA fails to transfer Rs. 1.3 b funds of closed stations
Pakistan’s national flag-carrier Pakistan International Airlines (PIA) has not transferred funds of closed stations amounting to Rs 1.3 billion back to Pakistan.
According to a report of ARY News, this has been revealed in Auditor
General’s 2021-22 report.
The national airline was supposed to immediately transfer the
amount of Rs 1.35 billion back to Pakistan according to the rules.
The un-transferred amount was from the closed stations in
Barcelona, New York, Kuwait, Thailand and Singapore.
The report blamed incompetence and non-serious attitude of
the administration to this lapse which resulted in extra financial burden on
the Pakistan International Airlines.
International Monetary Fund (IMF) has also asked Pakistan
to minimize the losses of Pakistan International Airlines that have reached Rs.
400 billion.
Source: ARY News