ISLAMABAD:The Finance Ministry here on Monday categorically rejected the reports appearing in a section of press claiming non-provision of financial support to Pakistan International Airlines (PIA) by the government.
“The reports appearing in a section of media regarding non-provision of financial support to PIA by the government are inaccurate and misleading,” the finance ministry said in a statement issued here.
The ministry said, the government had supported the national airline in the past and would continue to do so in the future as well, adding the Ministry of Finance and Ministry of Aviation were fully assisting PIA in arranging the finances required for its operational requirements.
It said PIA has only recently negotiated fresh credit facilities from financial institutions under the government guarantee limit provided to the airline by the government.
These credit facilities will help PIA to pay any overdue amounts and continue its operations without any interruption.