Updated on
Summary PSO says that petroleum products and furnace oil import is linked to timely provision of Rs 50b.
According to PSO authorities, Finance Ministry, Petroleum Ministry and Ministry of Water and Power were asked to pay Rs 50 billion PSO dues.PSO officials said that Rs 50 billion are urgently needed for LCs payments and incase of nonpayment import of petroleum products and furnace oil for national necessitate would not be possible.PSO spokesperson said that liquidity debts of PSO has reached to Rs 187 billion in which, HUBCO is liable to pay Rs 87 billion, WAPDA to 41 billion KEPCO to Rs 33 billion.
