Pakistan State Oil faces a financial crisis with PKR 800 billion in receivables and seeks PKR 50 billion aid.

Pakistan State Oil (PSO) is facing a financial crisis with receivables reaching PKR 800 billion, primarily due to outstanding debts from major clients like Sui Northern Gas Pipelines, which owes PKR 515.28 billion. PSO has requested PKR 50 billion in government funding to stabilize operations. The situation is worsened by the depreciation of the Pakistani rupee and has led to a significant liquidity crisis, threatening both PSO and the broader energy sector.

November 02, 2024
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