PIA could be ‘forced to shutdown’ due to 150pc jet fuel rate hikes: Arif Habib

Chairman Pakistan International Airlines (PIA) Consortium Arif Habib on Sunday sounded the alarm over the sustainability of the national flag carrier’s operations in the wake of a recent 150 per cent hike in jet fuel rates. “PIA could be forced to shut down” if jet fuel prices continue to remain high, Habib warned in an interview clip shared by Bol News. Jet fuel (JP-1) rates have been increased without a formal announcement in recent weeks amid global supply chain uncertainty spurred by...

By none@none.com (News Desk)