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Malaysia seizes PIA plane over non-payment of lease dues 

02:08 PM | 30 May, 2023
Malaysia seizes PIA plane over non-payment of lease dues 
Source: File Photo

KARACHI – Malaysia has seized a Pakistan International Airlines (PIA) Boeing-777 aircraft at the Kuala Lumpur Airport due to non-payment of aircraft lease dues. 

The plane of the national carrier was seized on the orders of a local Malaysian court over the non-payment of $4 million. 

It is for the second time that a PIA plane has been seized in the same. Previously, it was stopped from flying after the passengers had boarded the plane. However, Pakistan at that time used diplomatic channels to assure payment of dues and get permission for the flight. 

Following the seizure of the plane, the PIA sent another plane to Kuala Lumpur to airlift Pakistan crew and passengers stranded in Sri Lankan following the incident. 

A PIA spokesperson told media the Boeing 777 aircraft was owned by the PIA, adding that the engine leasing company submitted false facts and figures to get stay order. He said the PIA had cleared the dues. 

The spokesperson said the national carrier had approached the Malaysian court to take up the matter. 


PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 13 April 2024 Forex Rates

Pakistani currency remains largely same against US dollar and other currencies in open market on April 13, 2024.

US Dollar rate in Pakistan

On Saturday, the US dollar was being quoted at 277.4 for buying and 280.65 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 12 April 2024


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