Abb Takk News

PIA administration spends money from employees’ provident fund

National Airline administration has spent money from provident fund of PIA employees, Security Exchange Commission of Pakistan has taken notice of the incident.

According to sources, PIA Chief Financial Officer has spent more than 20 billion worth money from employees’ provident fund.However, in terms of provident fund savings are not being paid to PIA employees, on which Security Exchange Commission of Pakistan has sought response from PIA administration.

Whereas, SECP sources said that the usage of provident fund of PIA employees is legally crime under the clause of 27 and 29.