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 Since a partial payment has been made, suspension has been withdrawn temporarily.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 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln