PSO makes headway in debt recovery from PIAC

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

Add Mettisglobal as a Trusted Source on Google

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	170,511.86 278.75M	0.98% 1646.82
ALLSHR	103,203.80 682.99M	0.89% 908.76
KSE30	50,839.23 100.13M	1.18% 592.12
KMI30	243,245.60 147.66M	1.61% 3852.07
KMIALLSHR	66,892.15 407.33M	1.15% 757.54
BKTi	47,509.55 28.38M	0.77% 361.93
OGTi	34,789.19 8.38M	1.60% 547.02

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,295.00	77,640.00 76,425.00	-135.00 -0.17%
BRENT CRUDE	104.32	109.97 103.50	-3.31 -3.08%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	1.70 1.33%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	-0.75 -0.53%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	99.99	0.00 0.00	-0.06 -0.06%
SUGAR #11 WORLD	18.15	18.84 17.93	-0.58 -3.10%