Will anyone be held accountable for PIA fiasco, questions Ishaq Dar
Dar – who managed the economic affairs under Nawaz Sharif during his last stint as finance minister – noted that the PIA had been destroyed in the process, causing a loss of billions.
EU extends ban on PIA flights by another 3 months. Will anyone be held accountable for the havoc played with PIA by #Imran Niazi Govt, causing losses of billions & destroying the national carrier? pic.twitter.com/WpU48OnCdQ— Ishaq Dar (@MIshaqDar50) December 29, 2020
He was commenting on the news about the European Union extending the current ban on the national flag carrier’s flights for another three months after suspending the PIA flight operation for the EU countries six months ago.
In this connection, the European Union Aviation Safety Agency (EASA) informed PIA last week that the ban on flights to Europe would only be lifted after a safety audit of the Civil Aviation Authority (CAA).
In an earlier tweet, the PML-N leader shared some economic data of the first five months of the current financial year which he described as “worrisome”.
Worrisome Data: July-Nov20— Ishaq Dar (@MIshaqDar50) December 29, 2020
Exports Decline 7.1%
Trade Deficit Increase 6.9%
FBR Revenue Up 4%
Current Expenditure Up13.5%
Fiscal Deficit Up by 33.5%
Foreign Invstmnt Down 80%
He noted a 7.1 percent decline in exports and 80 percent in foreign direct investment at a time when trade deficit soared by 6.9 percent, current expenditure by 13.5 percent and fiscal deficit by 33.5 percent.