According to official data presented to the National Assembly by Pakistan's Ministry of Defence, the country's Airports Authority (PAA) has suffered a revenue loss of Rs 4.1 billion (approximately $14.39 million) between April 24 and June 30 due to its airspace ban on Indian-registered aircraft.BULLMER Striped Textured Printed Polo Neck Fullsleeve T-Shirt with Rib for Men
This revenue shortfall, which stems from overflying charges, was a result of Pakistan's decision to close its airspace to Indian airlines and aircraft following the Pahalgam terrorist attack in Jammu and Kashmir on April 22, and the subsequent diplomatic and military tensions between the two countries.
The ban, which affected an estimated 100-150 daily Indian flights, reduced Pakistan's transit air traffic by nearly 20%. While acknowledging the financial impact, the Pakistani defense ministry stated that "sovereignty and national defense take precedence over economic considerations." The ministry also clarified that this figure represents a revenue shortfall, not an overall financial loss for the PAA, and that overflight and aeronautical charges have remained unchanged.also read: "S.S. Rajamouli Unveils 'Globe Trotter' Starring Mahesh Babu on Actor’s 50th Birthday"
The current airspace standoff is more costly to Pakistan than a similar closure in 2019, as the PAA's average daily overflight revenue has increased significantly since then. Both India and Pakistan have imposed restrictions on each other's aircraft, and these bans have been extended multiple times, with the current restrictions expected to last until at least the last week of August.