PIA’s Bank Accounts Unblocked After Settlement with FBR

PIA’s Bank Accounts Unblocked After Settlement with FBR

The Federal Board of Revenue (FBR) has unblocked the bank accounts of Pakistan International Airlines (PIA) after the national flag carrier assured the tax collection body of clearing all pending dues.

The FBR had blocked PIA’s bank accounts over non-payment of taxes, but the accounts were unblocked after PIA submitted written assurance that it would clear all of its outstanding dues.

PIA is currently grappling with a severe financial crisis, but the unblocking of its bank accounts is a positive development for the airline. It is hoped that this will allow PIA to resume normal operations and begin to address its financial challenges.

In the meantime, a delegation from the European Commission and European Aviation Safety Agency (EASA) is currently in Pakistan to assess the safety of PIA’s operations. It is hoped that the delegation will be satisfied with PIA’s safety standards and that the ban on PIA flights to Europe will be lifted soon.

This is a positive development for PIA and for Pakistan’s aviation industry. It is hoped that PIA will be able to overcome its financial challenges and return to profitability in the near future.