Pakistan State Oil (PSO), the country’s largest oil company, is facing financial challenges as its outstanding dues have reached a staggering Rs 786 billion. The accumulation of these dues is causing significant strain on the company’s operations and raising concerns about the broader energy sector’s stability in Pakistan.
PSO’s outstanding dues stem from delayed payments from various public sector entities, including power generation companies and government institutions. The lack of timely payments has created cash flow problems for PSO, affecting its ability to import fuel and meet operational demands.
Industry experts have expressed concerns about the impact of these unpaid dues on PSO’s financial health and its ability to maintain fuel supplies across the country. The company has repeatedly urged the government to address the issue and ensure that payments are made promptly to avoid disruptions in the energy supply chain.
The rising debt burden on PSO highlights the ongoing challenges in Pakistan’s energy sector, including inefficiencies in billing and collections. With the dues reaching unprecedented levels, there is growing pressure on the government to intervene and provide financial relief to the struggling oil giant.
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