The financial crisis of Pakistan State Oil (PSO) has further worsened as its outstanding total receivables from various sectors have increased to staggering Rs787 billion, according to a report, reported 24NewsHD TV channel.
Sui Northern Gas (SNGPL) has to pay Rs502 billion to the PSO against the imported RLNG, while the power sector has to pay Rs184.86 billion to the state oil company. The PIA has to pay Rs27 billion against the fuel it received from PSO.
A significant increase has been witnessed in the financial cost of PSO owing to non-payment of imported RLNG bill.
Reporter Ashraf Khan