Pakistan’s main airline, PIA, is facing big money troubles. PIA Stops Due to financing, affecting not just international but also domestic routes. They are so low on cash that they can’t pay for fuel, causing more PIA Stops Due to financing, especially to and from big cities like Karachi.
According to the news, many flights are no longer occurring. There are no longer any flights between Karachi and Muscat, nor between Karachi and cities such as Faisalabad, Islamabad, and Lahore.
According to Geo News, flights from Karachi to other cities such as Turbat, Bahawalpur, and Sukkur have been suspended.
The airline has asked the government for emergency money to keep going. The financial trouble is so bad that employees aren’t getting their paychecks on time. The company’s leaders are talking to the Finance Ministry to sort this out.
This airline used to be successful but is now at risk of stopping more of its planes from flying. They owe a lot of money for things like fuel and taxes. If they don’t pay soon, they could ground even more planes.
PIA risks grounding planes and losing parts due to financial troubles
Pakistan’s main airline, PIA, owes a lot of money—around Rs20 billion. If they don’t pay soon, they might have to stop using 15 of their planes. This would cause even more delays and canceled flights.
Things went downhill even more this week when it came out that PIA couldn’t buy the extra parts needed for their planes. Since the airline is running out of money, some people think it might be a good idea to sell it. It was expected to be sold, but those plans were canceled.