PSO makes headway in debt recovery from PIAC

By MG News | October 16, 2023 at 05:27 PM GMT+05:00

0:00

October 16, 2023 (MLN): Pakistan State Oil Company Limited (PSX: PSO) continues to recover its outstanding dues from Pakistan International Airlines (PIAC), with a payment of Rs100 million received today.

To note, Pakistan’s energy giant received an amount of Rs950m from the national carrier last week.

However, PIAC still has a substantial outstanding debt of Rs 1.964 billion to PSO, a crucial factor in maintaining a steady supply of jet fuel for its operations.

To recall, PSO had suspended the fuel supply amid PIAC’s inability to settle its dues, which, in turn, resulted in the cancelation of several PIA flights.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	132,576.99 161.03M	-0.62% -826.20
ALLSHR	82,983.68 903.36M	-0.25% -204.38
KSE30	40,358.80 56.86M	-0.72% -292.66
KMI30	190,727.32 67.92M	-0.71% -1356.60
KMIALLSHR	55,698.48 457.08M	-0.27% -149.22
BKTi	36,242.06 11.15M	-0.50% -180.82
OGTi	28,323.42 10.71M	-0.40% -114.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	111,645.00	112,170.00 111,420.00	-600.00 -0.53%
BRENT CRUDE	70.18	70.22 69.91	-0.01 -0.01%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.45 1.51%
ROTTERDAM COAL MONTHLY	108.00	109.00 107.95	0.90 0.84%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.31	68.39 68.04	-0.07 -0.10%
SUGAR #11 WORLD	16.54	16.61 16.08	0.41 2.54%