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PIA's immediate demand of Rs23 billion, finance ministry refused

The Ministry of Finance is of the view that PIA should come up with a workable restructuring plan.

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PIA's immediate demand of Rs23 billion, finance ministry refused
GNN Media: Representational Photo

Islamabad: Pakistan International Airlines (PIA) has immediately requested to provide 23 billion rupees.

Responding the demand of PIA, the Ministry of Finance is of the opinion that they are not in a position to provide funds immediately. PIA should arrange loans from commercial banks.

The Ministry of Finance is of the view that PIA should come up with a workable restructuring plan.

It may be recalled that PIA had requested the caretaker Finance Minister Shamshad Akhtar for immediate funding.

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