A file photo of a PIA aircraft. PHOTO: FILE
According to the notification, PIA flights will be stopped from April 17 onwards if the dues were not paid.
Sources said that the dues owed to the Saudi aviation also include 500,000 riyals from year 2005.
PIA has been suffering losses worth billions since many years and its accumulated dues have been on the rise. The national airline had recorded cumulative losses of Rs141 billion from 2002 to 2012.
The PIA had also suffered financial losses to the tune of Rs401 million in Hajj operations 2012.
COMMENTS (18)
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One day it will dawn on the powers-that-be that Pakistan is no longer a self-sustaining, viable nation. In fact the die was cast in 1947 in the first speech of the founder when he said that the West has to take advantage of Pakistan's unique, strategic location and support the nation. Since then, Pakistan has ONLY been taking advantage of its "unique" geographic location.
whats the worry? just adjust against the $1.5 bn 'gift' !
From the comments I see that Pakistanis have become a nation of shameless beggars. When I see this shamelessness, I am glad my parents left the country in 1962. Wakeup, smell the coffee, and start creating instead of begging. You are getting Islam a bad name.
@Jibran: or China which has signed billions of dollars worth agreements but still want guarantees!
news indicate that the deal on free gift of 1.5 billion dollar is not going smooth as per donor's wishes and a veiled warning by KSA .
Good news for PIA pilots and staff who would on paid holidays soon and also for the passengers as they fly at their own risks in these poorly maintained and aged aircrafts...
Put it on the royal family's tab.
Yes ,and all the flight will be diverted to Syria to help rebels
@ American because $ 1.5 Bn is another Circular Debt to be encashed by cronies and self
Why not adjust the dues in the $1.5 Billion Gift ?
...and the government will bail out PIA with taxpayers money BUT WILL NOT PRIVATISE IT.
Causing huge losses with tax payers money .is this not high treason?
Privatization is must but personalization is not!
No more third highest bidders getting banks (or airlines)
And at the moment, PIA doesn't even have any competition when it comes to direct international flight (except middle east of course) .. this is a perfect example of how not to run an institution.