PSO halts fuel supply to PIA

[Dawood Ibrahim]

KARACHI: Pakistan International Airline (PIA) is unable to continue operation uninterrupted because of non-payment of arrears to fuel supplier, Pakistan State Oil (PSO), ARY News reported.

PIA is defaulter of Rs15 billion to PSO which has escalated tension between the government organizations after the latter stopped supply to the former.

The national flag carrier had to face outburst of Karachi to Lahore flight (PK-304)’s passengers today after the flight failed to take off for long due to non-availability of fuel.

The passengers resorted to protest against PIA and lamented that despite expensive fares they could not reach their destination. They questioned that why was PIA selling expensive tickets and not paying its fuel suppliers.

PSO halted its supply to PIA 10 days back because of non-payment of arrears. PIA buys Rs300 million’s oil daily. Later, the supply was resumed after assurance of daily payment.

According to deal, the fuel was being supplied on daily basis. However, PIA even did not make daily payment last day which led PSO to halt fuel supply consequently leaving PIA operations badly disturbed.


http://arynews.tv/en/pso-halts-fuel-supply-to-pia/

 

[Clutch]

Good... can we now cut up the trash and sell the airline?

 

[AZADPAKISTAN2009]

Raheel sharif is not fully retired yet and we start hearing this same rant again

 

[SherDil]

PSO to Suspend PIA’s Fuel Supply If Debts Not Cleared Soon

Being in debt is becoming common it seems. Pakistan Railway and Pakistan International Airlines are a part of the list of companies under debt.



Pakistan State Oil or PSO has millions to be paid in dues as it is to receive outstanding payments from different companies which also includes the PIA.

PSO is facing problems paying internal and external companies due to abysmal recovery from debtors and is facing an acute financial trouble.

PIA’s Debt Towards PSO
According to the state oil company, PIA has used Rs. 830 million worth of fuel and has only paid Rs. 430 million. This is only for the fuel used since November 26 2016.

The total receivables from PIA amount to Rs. 4.42 billion.

PSO issued a statement saying,

PIA is called upon to pay the outstanding amount, failing which PSO would be constrained to immediately suspend oil supplies

Oil Supply Will Be Suspended in Case of Non-Payment
The state oil company has informed the Ministry of Petroleum and Finance Ministry of this problem as well. PSO has sent a letter to the upper management of the PIA requesting the payment of the arrears and warning them of suspension of oil supply if they cannot pay on time.

PSO’s financial problems may also be rooted in the launch of the new RON 92 fuel in the country. The fuel is being sold at a lower price than usual. This is because the people will not buy the fuel if it is priced at its original, higher price.


Via Dunya News

 

[AZADPAKISTAN2009]

Ever since the last Army General , Raheel Sharif retired the issues with PIA and oil companies have started to resurface a coincidence ? or there is relation between the elements

While General Raheel Sharif was in command , these corporatiosn were kept in check (Corruption and other problems rarely surfaced) , as soon as he departed same old stories start to emerge specially close to "Corporate tax reporting time"

Oil was Historic Low 2 years in row , PIA shoudl have 0% excuse not to report massive profits

 

[Chauvinist]

The Decline Of an Empire...!!
This is how the lucrative son be a burden on the shoulders...

Lets run PIA on Coal or CNG.. It would be a new record set by Ba Kamaal Log..

 

[SherDil]

Lets run PIA on Coal or CNG