PSO circular debt increased to Rs 1.80b

PSO circular debt increased to Rs 1.80b
Updated on

Summary Pakistan State Oil (PSO) receivables have reached to Rs 1.80 billion.

According to a statement issued by the PSO here on Friday it has been said that circular debt of PSO is 1.80 billion.WAPDA has to pay Rs 39,102 million, HUBCO Rs 79,955 million, KAPCO Rs 35,618 million, PIA Rs 3,379 million, OGDC Rs 242 million and KESC has to 4,550 million rupees to PSO.It has been also said that NLC has to pay Rs 355 million and Pakistan Railway has to pay 1,196 million rupees therefore the circular debt of PSO is Rs 180, 289.In this statement it has been also said that PSO has to pay Rs 35,665 million to PARCO, 10, 083 million to PRL, Rs 8,956 million to NRL and Rs 18, 162 million to ARL.PSO has to pay 633 million rupees to other companies.LC payments to KPC and fuel oil suppliers are Rs 96,357 million.

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