Pakistan International Airlines is the national flag carrier of Pakistan and serves international destinations. However, the airline has experienced several financial issues over the past few years. Recently, the bank accounts of the airline have been frozen. Moreover, flight operations have faced disruptions.
Pakistan International Airline Bank Accounts Ceased!
According to reports, the Federal Board of Revenue (FBR) has frozen all of Pakistan International Airlines’ bank accounts due to non-payment of taxes. The national airline of Pakistan has experienced several financial issues over the past few years as a result of improper financial management, an increase in operational expenses, and a rise in fuel prices.
Additionally, PIA has come under criticism for its adherence to global safety standards, which has resulted in temporary bans and limitations on Pakistani airlines in many nations.
Pakistan International Airline asserted that its flights continued to run without interruption despite FBR’s action. The airline owed the Federal Board of Revenue approximately Rs 2.8 billion in taxes, according to sources. The airline, meanwhile, asserts that it owes roughly Rs 1.3 billion.
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The Authorities Promised To Pay The Taxes
The same incident took place earlier. In fact, 53 FBR accounts were blocked in January of the previous year due to the same problem. After receiving the PIA administration’s promise that the taxes would be paid on time, the bank accounts were eventually reinstated.
Initially situated in Calcutta (British India), Orient Airways, the company that would become PIA was established on October 29, 1946. The PIA was the first non-Communist airline to fly to China in 1964. The airline was essential in helping to launch Emirates Airlines in 1985.
The largest airline in Pakistan, PIA, has a fleet of more than 30 aircraft. Twenty domestic and 27 foreign destinations in Asia, Europe, the Middle East, and North America are served by the airline’s almost 50 daily flights.
PIA was initially prohibited from flying in European airspace for six months on June 30, 2020. The airline was also prohibited by the United States and the United Kingdom as of July 9, 2020.
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As of now, there is has been no further details revealed about the current status of the airline.
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