FBR freezes PIA bank accounts over non-payment of FED

 Thursday, August 31, 2023

Financial balances frozen due to non-installment of Rs8 billion in Took care of.
Taken care of was not submitted in spite of records being reestablished last month, says FBR.
PIA accounts related with IATA likewise to be frozen.

KARACHI: The Government Leading group of Income (FBR) Thursday froze 13 ledgers of Pakistan Global Carriers (PIA) due to non-installment of Rs8 billion in Administrative Extract Obligation (Took care of).

Also read :Iddat Nikah case, Khawar Manika's lawyer instructed to submit power of attorney today

As indicated by FBR authorities, the public transporter's financial balances related with the Global Air Transport Affiliation (IATA) would likewise be frozen.

"A choice has been made to enlist a first data report (FIR) against PIA authorities for not presenting the FED," said the FBR authorities. "The Federal Reserve was not submitted in spite of the records being reestablished the month before."

As indicated by a PIA representative, the freezing of the public transporter's financial balances wouldn't influence its flight tasks.

Also read :Who are these people? Have you ever thought?

"There is contact at the public authority level. PIA's records would be reestablished soon," the representative added.

It ought to be noticed that on July 27, the FBR had frozen all ledgers of the PIA over non-installment of assessments, sources had told Geo News.

Also read :If the country is given 3 fair and free elections, the whole system will be fine, Shahid Khaqan Abbasi

Thusly, on July 28, the records were reestablished following the settlement of issues between the FBR and PIA, as per sources.

Lately, bungle of assets, an ascent in working expenses and a flood in fuel costs have prompted monetary hardships for the public transporter.

The PIA additionally faces examination over its consistence with global wellbeing principles, prompting brief boycotts and limitations on Pakistani aircrafts in different nations.

Also read :Afghanistan: The situation of single mothers in the Taliban government?

The public banner transporter, accordingly, had asserted that its flights proceeded continuous regardless of the duty department freezing its records.

The sources in the FBR said the PIA had not saved the FED of Rs4 billion, which it had gathered through boarding passes.

The PIA confronted trouble in paying for its planes' fuel as the sources said that the Pakistan State Oil (PSO) had would not supply the equivalent when its records were frozen last time.