PSO urges govt to release Rs 50 billion

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PSO urges govt to release Rs 50 billion

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Pakistan State oil has sought Rs 50 billion bailout package.

17 July,2012 03:40 pm

According to sources, the management wrote letters to PM Raja Pervaiz Ashraf and Finance Minister Hafeez Shaikh, urging them to release Rs 50 billion as the power sector is not paying its dues. The company may suspend oil supply to power sector if the government does not release the amount, the sources added.