PSO recovers Rs625m from PIAC in two days

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

Add Mettisglobal as a Trusted Source on Google

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	177,166.52 410.56M	0.33% 574.76
ALLSHR	107,641.65 676.88M	0.48% 519.21
KSE30	52,670.80 88.28M	0.39% 203.40
KMI30	251,460.53 103.06M	0.76% 1891.30
KMIALLSHR	69,413.38 509.62M	0.79% 544.65
BKTi	49,984.79 26.85M	-0.30% -151.57
OGTi	36,423.05 16.04M	1.47% 527.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,540.00	78,915.00 76,745.00	360.00 0.47%
BRENT CRUDE	93.60	94.83 92.74	-0.18 -0.19%
RICHARDS BAY COAL MONTHLY	110.30	110.50 110.30	0.05 0.05%
ROTTERDAM COAL MONTHLY	125.25	125.25 125.25	1.50 1.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	86.64	87.51 85.80	-0.19 -0.22%
SUGAR #11 WORLD	17.60	17.89 17.16	0.08 0.46%