NAC Clears 158 Crore Debt of Employee Provident Fund
KATHMANDU, 15 JULY 2016
For the purchase of two A320-200’s aircraft (9N-AKW & 9N-AKX), Nepal Airlines Corporation (NAC) had taken loan of Nrs 1 Billion from Employee Provident Fund. Out of which, the corporation has cleared loan of Nrs. 158 crore 62 lakhs and 17 thousand, asserted Corporate Director and spokesperson Mr. Ram Hari Sharma.
It has been reported that the corporation will submit Nrs. 32 crore 36 lakhs 17 thousand four hundred and twenty one in every 3-3 months for coming fifteen years to the Employee Provident Fund and it has been doing so till now.