PR No. 188 PIA Spokesman Clarifies Media Reports Karachi

Reference media reports regarding irregularities in provident fund of PIA employees, airline’s Spokesman has clarified that there is no mismanagement in this fund.

He said PIA owes provident fund some money and this liability is being disclosed in PIA’s accounts since 2009. Despite this, mark up is being paid, therefore there is no loss to the fund.

SECP’s queries on PIA’s accounts are a routine matter and are appropriately settled through correspondence, he said.