Finance Division refutes reports about non-provision of financial support to PIA by Govt

The Finance Division has rebutted the reports appearing in a section of media regarding non-provision of financial support to PIA by the government.

In a statement today, the Finance Division termed the news as inaccurate and misleading.

It said the government has supported the national airline in the past and will continue to do so in the future as well.

It further said the Ministry of Finance and Ministry of Aviation are fully assisting PIA in arranging the finances required for its operational requirements.

The National Flag Carrier has only recently negotiated fresh credit facilities from financial institutions under the government’s guarantee limit provided to the airline by the Government of Pakistan.

These credit facilities will help PIA to pay any overdue amounts and continue its operations without any interruption.

Source: Radio Pakistan