PSO receivables stand at Rs334 billion
PSO is owed receivables up to Rs 272 billion from power companies
(Dunya News) – Receivables of the cash-strapped Pakistan State Oil (PSO) have gone up to Rs334 billion because of default of power sector in payments of Rs272 billion.
As per the details garnered, Sui Northern Gas Pipeline Limited (SNGPL) against LNG purchases and PIA have also defaulted on Rs23.3 billion and Rs38 billion respectively.
PSO is owed receivables up to Rs 272 billion from power companies, while the Government of Pakistan on account of Pakistan International Airlines Corporation (PIA) owes Rs 28 billion to the petroleum corporation.
