After India suspended the Indus Water Treaty on April 23 in response to the ugly Pahalgam terror assault, Pakistan closed its airspace to Indian-registered plane. Nevertheless, in keeping with an area media report, Islamabad has suffered large monetary losses after the shutdown because the Pakistan Airports Authority (PAA) misplaced over Rs. 1,240 crore (PKR 4.1 billion) in over two months.
In keeping with ANI, Daybreak reported the determine of losses, citing an announcement by the Pakistan Ministry of Defence within the Nationwide Meeting on Friday. Moreover, as per the report, the closure got here into impact from April 24, when Islamabad withdrew overflight permission for all Indian-registered plane and people operated, owned, or leased by Indian carriers.
The closure of airspace has backfired on the Pakistani financial system. In keeping with the Daybreak, the income of PAA from overflying fees plunged between April 24 and June 30, almost affecting 100-150 Indian plane every day and slashing Pakistan’s transit air visitors by virtually 20 %.
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Pakistani Ministry Admits Monetary Losses
The Pakistani Defence Ministry has admitted the monetary losses however tried to justify the choice to shut airspace for all Indian plane and mentioned, “Sovereignty and nationwide defence take priority over financial issues.”
In the meantime, the officers additionally claimed that the measures issued by Notices to Airmen (NOTAMs) had been for “strategic and diplomatic” causes.
In keeping with the ministry’s information, PAA’s common every day overflight income in 2019 was 508,000 {dollars}, in comparison with 760,000 {dollars} in 2025, which means the ban is costing Pakistan way more now than in the course of the earlier standoff, Daybreak reported.
Pakistan Airspace Closure
Pakistan’s airspace is open to all besides Indian airways and plane, and the ban has been prolonged twice and is now set to final till the final week of August.
Moreover, Indian carriers proceed unaffected on different worldwide routes, whereas Pakistani airways are nonetheless barred from coming into Indian airspace.
India-Pakistan Tensions
On April 22, terrorists gunned down 25 Indian residents and one Nepali citizen in Jammu and Kashmir’s Pahalgam. The incident despatched shockwaves by way of the nation. The accountability for the assault was claimed The Resistance Entrance (TRF), an offshoot of Pakistan-based Lashkar-e-Taiba (LeT), nevertheless, later it distanced itself from the incident.
After this, New Delhi took a number of diplomatic measures in opposition to Islamabad, and the airspace closure was part of the identical. India banned all Pakistani-operated, owned, or leased plane, together with army flights, from coming into Indian skies from April 30.
(with ANI inputs)