KARACHI (HRNW) The total outstanding dues of various sectors of Pakistan State Oil (PSO) have climbed to Rs 786 billion, media reported citing sources.
According to sources, the import bill for RNLG (Re-gasified Liquefied Natural Gas) has surpassed Rs 506 billion, while Sui Northern Gas Pipelines Limited (SNGPL) owes PSO Rs 506 billion for LNG supply.
The power sector’s dues have also crossed Rs 186 billion, adding to PSO’s financial woes. whereas, Pakistan International Airlines (PIA) owes PSO Rs 28.75 billion.
The drop in of the rupee rate has resulted in an additional burden of Rs 88.84 billion on the government. Despite the massive outstanding dues, only Rs 10 billion has been paid to PSO in the past month, sources revealed.