The International Air Transport Association (IATA) has called on Pakistan and Bangladesh to promptly release airline revenues totaling over $720 million that are being held in violation of international agreements. With $399 million trapped in Pakistan and $323 million in Bangladesh, airlines face significant challenges in repatriating earnings crucial for operational expenses such as lease agreements and fuel.
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IATA Urges Pakistan and Bangladesh to Release Airline Revenues, Citing Severe Impact on Industry
