The decision has been conveyed by the aviation authority's finance director to Pakistan International Airlines' CFO.
The federal government had provided funds of Rs 9.84 billion to the national flag carrier.
The court ordered the city authorities to sell off its assets to pay off long-overdue heaps of debts on account of salaries and pensions.
Ministry of Religious Affairs and Interfaith Harmony on Sunday announced to extend the last date for depositing Hajj dues of government Hajj scheme under second balloting till June 20
He said the allegations of the construction company of BRT Peshawar project about non-payment of dues were baseless.
KARACHI: The Federal Board of Revenue (FBR) has frozen all bank accounts of the Pakistan International Airlines (PIA) over non-payment of outstanding tax dues. According to reports, the PIA under federal excise duty had to pay Rs. 10 million to FBR, but the national carrier could not make the payments as yet. The FBR, in action, froze all the PIA accounts, prompting difficulties to the latter in payment of salaries to the employees as well as running flight operations. Apart from payment of salaries and pensions, PIA…
NEW DELHI: Japanese automaker Nissan Motor has begun international arbitration against India to seek more than $770 million in a dispute over unpaid state incentives, according to a person familiar with the matter and documents reviewed by Reuters. In a legal notice sent to Prime Minister Narendra Modi last year, Nissan sought payment of incentives due from the Tamil Nadu government as part of a 2008 agreement to set up a car manufacturing plant in the southern state. According to the notice, Nissan said repeated…
ISLAMABAD: Pakistan International Airlines is facing financial losses of billions of rupees due to mismanagement within the institution, citing sources ARY News reports.