Pakistan International Airlines (PIA) faced a fuel crisis, leading to the cancellation of 27 flights. These cancellations affected both domestic and international routes. From Karachi, seven flights to Lahore, Rahim Yar Khan, and Peshawar were suspended. Additionally, six flights from Karachi to Multan, Dubai, and Islamabad were canceled. From Islamabad, four flights to Dubai, Dammam, Medina, and Jeddah also faced suspensions.
The fuel supply shortage was due to limited deliveries from Pakistan State Oil (PSO). In response, PIA had to prioritize its more profitable routes. It’s important to note that PSO resumed limited fuel supply to PIA after receiving assurance of a daily payment of Rs100 million to clear pending dues.
Read More: PIA Announces Employee Bonuses Despite Huge Financial Losses
Caretaker Prime Minister Anwaar-ul-Haq Kakar urged authorities to accelerate the privatization of Pakistan International Airlines (PIA) and other state-owned enterprises that were running at a loss. Sources suggest that the Privatisation Commission will take over the financial management of the national airline, working to reduce its losses and improve its financial situation. This process will involve modernizing PIA’s financial operations to enhance its balance sheet, ultimately facilitating the airline’s privatization.
