Tag: loan

Russia Demanded PIA to Clear its Dues
Business

Russia Demanded PIA to Clear its Dues

Russia is known having history of political interference in several countries. In recent years, the Russian government was accuse of meddling in the 2016 US presidential elections. One way that it allegedly interfered was by demanding Pakistan International Airlines (PIA) clear its dues. PIA's loans to buy new aircraft not fully paid off and this caused the airline financial problems. When Russia demanded PIA to pay off its debts, it gave the airline little choice but to pay up. In this case, it appears that Russia was interfering for political reasons and not for any other reason.It doesn't means that Russia is always trying to interfere in other countries politics. But it does show that Russia is willing to do whatever is necessary to get what it wants. PIA given a deadline by the Russi...