Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

Nepal Airlines Corporation Repays Long-Pending Dues to EPF, CIT   

  1 min 41 sec to read
Nepal Airlines Corporation Repays Long-Pending Dues to EPF, CIT   
Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]

July 22: The Nepal Airlines Corporation (NAC) has repaid loan of Rs 1.35 billion to the Employees' Provident Fund (EPF) and Citizen Investment Trust (CIT), which was taken to purchase aircraft for the national flag carrier.

The amount was credited to EPF and CIT on July 14.    
The payment comes as part of NAC's installment to be paid to the EPF and CIT, which was pending for almost one and a half years. An NAC official said the state-owned airline company managed to repay the amount thanks to its economic growth.    
It is said the NAC succeeded in paying its fiscal liabilities after it saw robust business due to growth in flight occupancy rate since the past couple of months.    
Spokesperson of NAC Archana Khadka shared that the the NAC repaid Rs 900 million to the EPF, which was taken to purchase narrow body and wide body aircraft.    
Similarly, the NAC repaid Rs 450 million to CIT as an installment taken during the time of purchase of wide body aircraft for the NAC.    
The NAC had failed to repay the installment amount in time after the COVID-19 outbreak due to reduced business. -- RSS    

 

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.