PSO receivable stand above 314 Billion

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PSO receivable stand above 314 Billion

Receivables of PSO have reached an all-time high of Rs 314 billion, which reflects the continuation and mounting trend of chronic circular debt.  The debts are increasing on daily basis. On 31 May 2018 these debts are above 307 billion and within 7 days 6 billion has been increased.

Power section have to 256 billion to PSO now it’s reached up to 270 billion.

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Officials at Pakistan State Oil when contacted said that despite all the challenges on liquidity front, PSO has continuously been supplying more than its market share to ensure an uninterrupted availability of petroleum products across all parts of the country.

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