ISLAMABAD: The Pakis­tan Airports Authority (PAA) has lost Rs4.1 billion in just over two months after closing its airspace to Indian-registered aircraft, the Ministry of Defence informed the National Assembly on Friday.

The ministry said the shortfall, from April 24 to June 30, was in overflying revenue and was lower than the reported Rs8.5bn. The closure followed India’s unilateral suspension of the Indus Waters Treaty on April 23.

From the very next day, Pakistan withdrew overflight permission for all Indian-registered aircraft and those operated, owned, or leased by Indian carriers.

The measure affected 100 to 150 Indian aircraft daily, cutting transit traffic........

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