FBR restores accounts of PIA


Accounts frozen by PIA for non-payment were restored on assurance of payment of Rs 50 crore.

Sources say that PIA management and FBR came face to face on the issue of dues.

FBR made a tax recovery of Rs 50 crore from PIA’s bank account in the wake of outstanding dues.

FBR sources said that the national airline owed Rs 2.86 billion in federal excise duty.

On the same issue, the FBR officials had frozen all the accounts of PIA yesterday, but the bank accounts were restored after the intervention of PIA and the assurance of immediate tax payment of Rs 50 crore.

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