ISLAMABAD: The Pakistan Tourism Development Corporation (PTDC) on Thursday shuts down all its motels in the north of the country and sacked all its employees.
The PTDC announced about closure of the operations of Motels (North) Ltd and termination of services of its employees through a circular.
“Due to irreparable and continuous financial losses having no other resources, as well as current COVID-19 pandemic, decisions of the federal government and Board of Directors, Motels (North) Ltd resolved to close down the operations of the company. The company was left with no other option but to take these painful decisions,” read the circular.
The board has also decided to terminate the services of the employees, officers/ workmen, of the company with immediate effect.