The Economic Times App

10M Downloads

Today’s News Quick Reads E-Paper Stock Recos Stream

BUSINESS

Pakistan International
Airlines on verge of
shutdown as 537 9ights
cancelled in 11 days
Reuters

Synopsis
PIA is facing its worst crisis in history as Pakistan State Oil
(PSO) has cut its fuel supply over unpaid dues. The move
forced the airline to cancel 537 flights since October 13.

By ANI Follow us

Last Updated: Oct 27, 2023, 02:17:15 PM IST

Pakistan International Airlines (PIA) is on

the verge of a shutdown as it cancelled over
500 7ights in the past 11 days due to the
unavailability of fuel, ARY News reported.

ADVERTISEMENT

ARY News is a Pakistani news channel.

Top online courses in Business, Marketing,

Programming Languages

PIA is facing its worst crisis in history as

Pakistan State Oil (PSO) has cut its fuel
supply over unpaid dues. The move forced
the airline to cancel 537 7ights since October
13.

On Thursday, as many as 49 domestic and

international 7ights were cancelled from
Karachi, Lahore, Islamabad, Quetta, Multan,
Peshawar and other cities after the Pakistan
State Oil (PSO) slashed its fuel supply to the
PIA, sources said.

ET PRIME - TOP TRENDING STORIES

Adani Group stocks: Will Is Nifty Next 50

averaging out work for bet? Only if you
retail investors? super long-term

Subscribe to ETPrime

ADVERTISEMENT

The 7ights include Karachi to Islamabad and

Karachi to Turbat, all of which have to be
called oT.

Meanwhile, PIA's Chief Executive OTicer

(CEO) Amir Hayat has written a 'motivation
letter' to the employees amid the Ynancial
crisis, closure of the 7ight operations and
the ongoing privatisation process, as per
ARY News.
ADVERTISEMENT

Hayat asked all employees to maintain a

concerted focus on ensuring organisational
compliance through closely-knit teamwork
ahead of the airline's privatisation.

PIA recently paid PKR 220 million

(approximately USD 789000) to Pakistan
State Oil (PSO) for a two-day fuel supply, ARY
News reported on Saturday.
ADVERTISEMENT

The PIA spokesperson said that the airline

has paid PKR 500 million so far to the PSO
for the provision of fuel, adding that the
national 7ag carrier is making payments to
PSO daily.

PIA is currently acquiring fuel for proYtable

routes including Saudi Arabia, Canada,
China, Kaula Lumpur and others.

ADVERTISEMENT

Masterclass on AI and how to use it

to build businesses.
ET Masterclass

Register Now

READ MORE ON

PAKISTAN INTERNATIONAL AIRLINES PIA PAKISTAN AIRLINES

(Catch all the US News, UK News, Canada

News, International Breaking News Events, a…
More

Self-awareness, critical thinking,

living life backwards: Gaurav Dalmia
demystifies the philosophies and
passions behind an investor’s mind in
the inaugural episode of ET Circle

Morgan Stanley names Ted Pick as

investment bank's next CEO,
succeeding James Gorman

BUSINESS NEWS › NEWS › INTERNATIONAL › BUSINESS

Trending Now
RBI MPC Meeting LIVE Earthquake in Tamil Nadu Cyclone

Popular Categories
India Decoded Web Stories Morning Brief Podcast

Hot on Web
RBI MPC Meeting LIVE F&O stocks to buy today F&O Ban

In Case you missed it

Ram Mandir Ayodhya SBI Amrit Kalash FD Bank Wage Re

More from our network

Pune Mirror Bangalore Mirror Ahmedabad Mirror ItsMyA

Download ET APP

Follow us on

become a member

Terms of Use & Grievance Redressal Policy

DNPA Code of Ethics | Privacy Policy | Archive |

Feedback READ
ON APP

Copyright © 2023 Bennett, Coleman & Co. Ltd. All

rights reserved. For reprint rights:
Times Syndication Service