Pakistan International Airlines (PIA) and Pakistan State Oil (PSO) have come to a crucial agreement, addressing the ongoing fuel shortage crisis.
This understanding is expected to bring relief to the aviation sector in Pakistan.
According to a PIA spokesperson, in the upcoming days, the supply of aviation fuel is set to gradually increase.
This will result in a return to normal flight schedules that had been disrupted due to a fuel scarcity issue.
The spokesperson further stated that PSO’s top management played a pivotal role in facilitating this agreement.
The state oil firm has demonstrated its support by extending PIA’s credit limit by an additional Rs5 billion.
This financial support is seen as a crucial step in strengthening the national airline’s operations.
PSO has assured a daily supply of fuel worth Rs10 billion to keep flights operational.
Previously, the Economic Coordination Committee of the Cabinet had approved Rs8 billion bailout package for PIA.
PIA has already utilized a Rs15 billion credit line, but this latest agreement signifies a renewed commitment to reviving PIA’s operations.
