Pakistan lost Rs 1,240 crore in 2 months after closing airspace to Indian flights

Pakistan has suffered heavy financial losses after shutting its airspace to Indian-registered aircraft, with the Pakistan Airports Authority (PAA) losing over Rs 1,240 crore (PKR 4.1 billion) in just two months, Dawn reported, citing an official statement by the country's Defence Ministry.

The neighbouring country shut its airspace in response to India's move to suspend the Indus Waters Treaty after the deadly April 22 terror attack in Jammu and Kashmir's Pahalgam, in which 26 people, mostly tourists, were killed.

According to the report, Pakistan Defence Minister Khawaja Mohammad Asif confirmed that due to the ban, which came into effect on April 24, the country had suffered a massive loss in overlying revenue. Pakistan has revoked flight permissions for all Indian-registered aircraft, including those operated, owned, or leased by Indian carriers.