PSO receives Rs150m from PIA, debt recovery continues

MG News | October 18, 2023 at 09:16 PM GMT+05:00

0:00

October 18, 2023 (MLN): Pakistan State Oil Company Limited (PSX: PSO) is making progress in recovering its outstanding dues from Pakistan International Airlines (PIAC), having received a payment of Rs150 million today.

It is important to mention that this inflow follows the recovery of Rs950m last week and an additional Rs100m on Monday.

However, PIAC still has a substantial outstanding debt of Rs1.814billion 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	160,657.50 254.92M	1.56% 2473.55
ALLSHR	97,208.72 796.11M	1.22% 1169.03
KSE30	48,725.95 154.32M	1.74% 835.38
KMI30	229,755.09 115.58M	2.00% 4494.89
KMIALLSHR	63,315.99 290.41M	1.59% 988.16
BKTi	44,068.57 45.85M	0.50% 220.43
OGTi	30,790.66 8.05M	1.67% 507.13

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	98,740.00	104,305.00 98,155.00	-2995.00 -2.94%
BRENT CRUDE	63.00	63.45 62.34	0.29 0.46%
RICHARDS BAY COAL MONTHLY	85.25	0.00 0.00	0.15 0.18%
ROTTERDAM COAL MONTHLY	95.50	96.20 95.50	-0.05 -0.05%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	58.69	59.21 58.12	0.20 0.34%
SUGAR #11 WORLD	14.43	14.77 14.37	-0.09 -0.62%