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PIA flight operation from Islamabad to Karachi halted amid lack of fuel supply

09:29 AM | 7 Oct, 2023
PIA flight operation from Islamabad to Karachi halted amid lack of fuel supply
Source: @manchester_aviation1107 (Instagram)

LAHORE – Pakistan International Airlines (PIA) is at the brink of default as the flight operations of national flag carrier are badly disrupted as economic woes mount.

Pakistan State Oil (PSO) stopped the fuel supply to airline at several airports due to non-payment of dues, and now several flights from Islamabad to Karachi have not taken off on Friday.

Flights PK-309, PK-319 were delay delayed, while some other flights from capital to Karachi remained suspended. Amid the worrisome situation, children and elderly people remained in dire straits.

Government officials called for privatizing the airline as they have expressed concerns over the impact of the loss-making entity on the national exchequer.

Lately, Privatisation Minister Fawad Hassan Fawad expressed resolve to divert major loss-making state-owned enterprises to avoid a substantial financial drain.

In meeting with World Bank Resident Director, minister discussed the privatisation agenda with a focus on the divestment of PIA and other state-owned entities.

Last week, the airline suspended operation to Ottawa as Swiss Port Company wrote letter notifying stop providing ground-handling services after PIA failed to pay despite multiple intimidation.

It said due to non-payment of dues, PIA flight operation to Canada services are being stopped from 3rd October at 5 p.m.

Swiss Port Company told PIA to clear $0.24 million immediately along with an advance of $100,000 dollars for the provision of future services.

It said PIA was repeatedly reminded to pay dues, and over failure to clear dues, the ground-handling services are being discontinued as per the respective terms of the agreement between the two companies.

Daily Pakistan Global Web Desk

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PKR exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 22 April 2024

Pakistani currency remains largely same against US Dollar and other currencies on April 22, 2024 Monday.

USD to PKR rate today

US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 22 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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