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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 Since a partial payment has been made, suspension has been withdrawn temporarily.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



 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln