Pakistan International Airlines (PIA) canceled dozens of domestic and international flights since the beginning of the week due to lack of power pay your kerosene bills.
Some 48 international and domestic flights were canceled on Tuesday and Wednesday.due to lack of fuel“, confirmed the Pakistani national airline, in difficulty and in the process of being privatized. “The reason for fuel supply disruption is non-payment of bills as PIA is facing financial crisis and cannot ensure its payments to Pakistan State Oil on time“, specified for his part to theAFP a PIA official on condition of anonymity.
A senior official of Pakistan State Oil (PSO), who also requested anonymity, said the state-owned oil company “provided fuel only for PIA priority flights“. This week, the latter paid the oil company 100 million Pakistani rupees (around 360,000 euros) every day to pay a minimum for its fuel.
Decades of mismanagement and instability have crippled Pakistan’s economy, and this year Islamabad was forced to resort to a new International Monetary Fund (IMF) bailout that included the privatization of bankrupt state-owned enterprises. like PIA.