All
 

 

Just in:  

You are here: Home»Articles & Letters»Articles»Suspension of PIA flights averted albeit temporarily: partial dues paid to Saudi authorities

Suspension of PIA flights averted albeit temporarily: partial dues paid to Saudi authorities

Pakistan International Airlines (PIA) has managed to avert suspension of its flights to the Kingdom of Saudi Arabia (KSA), by making a partial payment towards the outstanding land and parking charges, sources said. According to sources, the outstanding amount stood at SR443,160; however, it has not been confirmed as to what amount has actually been paid by the PIA management to rescue its operations.

The General Authority of Civil Aviation (GACA) had issued a notice if outstanding payment was not paid by PIA by April 18, 2014 at 2pm, it would suspend PIA operations to KSA. Since a partial payment has been made, suspension has been withdrawn temporarily.

Copyright Business Recorder, 2014



 



 
Index Closing Chg%
Arrow DJIA 17,719.00 0.19
Arrow Nasdaq 4,701.87 0.56
Arrow S&P 2,052.75 0.20
Arrow FTSE 6,678.90 0.26
Arrow DAX 9,483.97 0.12
Arrow CAC-40 4,234.21 0.75
Arrow Nikkei 17,300.86 0.07
Arrow H.Seng 23,349.64 0.10
Arrow Sensex 28,067.56 0.12






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln