Pakistan Lost ₹127 Crore in Just 2 Months After Closing Airspace to Indian Flights
In a shocking revelation, Pakistan Airports Authority has revealed that it lost a staggering PKR 410 crore (approximately ₹127 crore) between April 24 and June 30 due to the closure of its airspace to Indian flights. This decision was taken by Pakistan in response to the Pahalgam terror attack, which was carried out by Pakistan-backed TRF (The Resistance Front). The loss is attributed to a 20% reduction in air traffic, which directly impacted 100-150 Indian flights daily.
This is not the first time that Pakistan has incurred significant losses due to airspace closures. In 2019, the country incurred a loss of ₹235 crore due to a similar closure. The latest figures indicate that Pakistan’s economy has taken a significant hit, further exacerbating the country’s financial woes.
The closure of Pakistan’s airspace to Indian flights has had a ripple effect on the country’s economy, with the tourism and hospitality sectors being the most affected. The loss of revenue from these sectors has placed a significant burden on the Pakistani government, which is already struggling to stabilize its economy.
The impact of the airspace closure is not limited to Pakistan alone. The Indian airline industry has also suffered significantly, with several flights being diverted or cancelled due to the closure. This has resulted in a significant loss of revenue for Indian airlines, which are already grappling with high operating costs and declining passenger demand.
The Pahalgam terror attack, which was carried out by Pakistan-backed TRF, has sent shockwaves across the region. The attack, which killed several Indian soldiers, has led to a significant deterioration in relations between India and Pakistan. The closure of Pakistan’s airspace to Indian flights is a direct result of this deterioration, and it is likely to have a long-term impact on the region’s economy.
The loss of revenue due to the airspace closure is not the only challenge facing Pakistan’s economy. The country is also grappling with high inflation, a widening trade deficit, and a depreciating currency. These challenges have made it difficult for the Pakistani government to stabilize the economy, and the loss of revenue due to the airspace closure is only adding to its woes.
In conclusion, the loss of ₹127 crore in just two months due to the closure of Pakistan’s airspace to Indian flights is a significant blow to the country’s economy. The impact of this decision is not limited to Pakistan alone, as it has also affected the Indian airline industry and the region’s economy as a whole. The Pakistani government must take immediate action to address the economic challenges facing the country, including the loss of revenue due to the airspace closure.
