PSO recovers Rs625m from PIAC in two days

By MG News | October 13, 2023 at 03:38 PM GMT+05:00

0:00

October 13, 2023 (MLN): Pakistan State Oil Company Limited (PSX: PSO) has made notable progress in recovering outstanding dues from Pakistan International Airlines (PIAC), totaling Rs625 million within just two days.

Pakistan’s energy giant has received an amount of Rs125m from PIAC today, following the Rs500m it received yesterday, further reducing the debt owed by the national carrier.

To note, 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.

As of now, Pakistan International Airlines still owes around Rs1.75 billion to PSO for the current month in connection with their current jet fuel supplies.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	120,465.93 122.21M	-1.23% -1505.11
ALLSHR	75,339.82 703.66M	-1.15% -877.42
KSE30	36,506.12 59.21M	-1.10% -406.83
KMI30	177,871.47 63.39M	-1.14% -2047.00
KMIALLSHR	51,657.22 334.26M	-1.05% -550.29
BKTi	30,014.92 13.36M	-0.91% -275.63
OGTi	26,998.97 8.29M	-1.79% -492.98

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,120.00	105,330.00 104,590.00	1155.00 1.11%
BRENT CRUDE	76.51	76.80 75.67	-0.19 -0.25%
RICHARDS BAY COAL MONTHLY	88.00	0.00 0.00	-3.60 -3.93%
ROTTERDAM COAL MONTHLY	103.85	104.20 103.85	-0.25 -0.24%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	73.43	73.80 72.63	-0.07 -0.10%
SUGAR #11 WORLD	16.35	16.56 16.20	-0.16 -0.97%