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On failure to pay Rs12b dues, PSO cuts fuel supply to PIA

byMonitoring Report
12/12/2014
in Business
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ISLAMABAD: The Pakistan State Oil (PSO) has cut fuel supply to the Pakistan International Airline (PIA) for not clearing Rs12 billion dues it owes to the former.

A notice regarding payment of the outstanding dues was sent to the PSO the other day. It was clearly notified that it would suspend supply if dues were not cleared by December 11.  However, the PIA remained failed to pay money.

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As per the deal, PIA is required to make payment within seven days of oil delivery.On the other hand, spokesperson for the PIA told that they have started buying fuel from other suppliers, thus, flight operations would not be affected.

Tags: fuel supplyPakistan International Airline (PIA)Pakistan State Oil (PSO)

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