March 14, 2025 03:16 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
In a setback for Donald Trump, US judge orders federal agencies to rehire fired workers: Report | 'We will thwart conspiracies hatched by Centre': Revanth Reddy on delimitation exercise | Chennai doctor, his wife along with two sons die by suicide due to huge debt: Cops | Amid language debate, Tamil Nadu drops rupee symbol in state budget | Scientist killed in assault by neighbour over parking argument in Mohali | British woman tourist raped in Delhi hotel by man she befriended on social media | Gold smuggling case: Court restrains media from publishing, telecasting defamatory statements against Ranya Rao | Trump warns Putin of 'devastating' financial impacts if Russia blocks Ukraine ceasefire | 'People are going to Russia right now as we speak: Donald Trump on Ukraine war ceasefire talks | Pakistani army claims to have freed all hostages in passenger train siege; 28 personnel killed
PIA
Photo Courtesy: Unsplash

Pakistan International Airlines continues to face liquidity crisis, cancels several flights

| @indiablooms | Sep 15, 2023, at 10:15 pm

Facing severe cash flow problems, Pakistan International Airlines (PIA) has cancelled several domestic and international flights, media reports said.

A top official of Pakistan's national flag carrier earlier told Geo News that flight operations are feared to be suspended by September 15 if emergency funds are not provided.

On August 12, a number of domestic flights to and from Karachi were cancelled due to a shortage of funds and the failure to pay Pakistan State Oil (PSO) for fuel supply.

According to the Jinnah International Airport schedule today, PIA flights from Karachi to Bahawalpur (PK588 and PK589) and Karachi to Lahore (PK302 and PK303) have been called off.

Karachi to Islamabad flight (PK368) has been delayed for three hours while Karachi to Lahore (PK304) is delayed by eight-and-a-half hours.

PIA flights to and from Karachi and Rahim Yar Khan (PK582 and PK583) were cancelled while Karachi to Multan (PK330) and Dubai (PK213) were delayed by two hours, reports Geo News.

Other than that, the flight from Islamabad to Karachi (PK301) is cancelled, Islamabad to Riyadh (PK753) is delayed by three hours and Lahore to Karachi (PK305) is delayed by two-and-a-half hours.

The PIA on September 7 announced it was grounding five out of its 13 leased aircraft with further prospect of grounding four additional planes due to the prevailing financial crunch.

The PIA had asked for an emergency bailout of Rs22.9 billion which was rejected by the Economic Coordination Committee (ECC).

The ECC also rejected the request for deferment of the payments of Rs1.3 billion per month, which PIA pays to FBR against FED and Rs0.7 billion per month which PIA pays to the Civil Aviation Authority (CAA) against embarking charges, reports Geo News.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.