Updated on
Summary Pakistan State Oils circular debt has reached Rs 375 billion.
It would have to pay about Rs 93 billion to avoid bankruptcy.According to sources, the PSO is indebted to Rs 177 billion to national and international companies while eight institutions including the WAPDA, the and the KEPCO are defaulter of Rs 181 billion to the PSO.As per details, HEBCO Power Company is defaulter of Rs 95 billion while WAPDA and Kot Addu Power Company are to pay Rs 75 to the PSO.Sources also said that no company has paid its due amount to the PSO since two months.
