The recent buzz about the potential shutdown of Pakistan International Airlines (PIA) has prompted the airline’s spokesperson to clarify the situation.
The spokesman for PIA confirmed that the rumors and worries over the national airline's shutdown are untrue, rejecting the pointless worry generated by a specific paragraph of an official statement addressing PIA's financial situation.
The spokesperson also underlined that PIA’s reputation has been unfairly harmed by setting September 15 as the closure date.
It is notable that the administration of PIA has made significant strides in procuring money to meet urgent domestic and international financial responsibilities, including the prompt payment of staff wages.
PIA has obtained short-term loans totaling billions of rupees, which is a big milestone. The national airline has been given a loan from the National Bank for Rs 13 billion with a payback period of six to 12 months.
A loan between Rs 7 and Rs 10 billion has also been authorized by Askari Bank. These financial arrangements demonstrate PIA’s dedication to its business activities and allay fears about its demise.
