Another difficulty for government: PSO financial crisis worsens
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The financial crisis of Pakistan State Oil (PSO) has worsened, the 24NewsHD TV channel reported on Tuesday.
The total liabilities of PSO went up to Rs760 billion, sources said, adding that the import RNNG liabilities hit a record high of Rs468 billion for the first time.
The insiders added that power dues have crossed Rs184 billion.
The PSO has to pay Rs230 billion for local refineries and imported RLNG, they said, adding that it has informed all ministries concerned about the issue.