Monday, April 19, 2010

PSO receivables equal its debts

Geo 436 KARACHI: Pakistan State Oil (PSO)'s amounts under its receivables and payables have come to a matching level at Rs114.50 billion. According to PSO officials, the main oil supplier of the country is yet to recover Rs114.50 billion from different organizations. WAPDA's payables to PSO amount to Rs43.48 billion; HUBCO Rs39.60 billion; KAPCO Rs19.82 billion; PIA Rs1.32 billion; KESC Rs1.27 billion; OGDC Rs46.50 billion and; different power holding companies Rs1.30 billion. PSO's is to settle Rs72.34 billion as dues to different refineries; it has to pay Rs18.94 billion to Kuwait Petroleum by May 13 and; Rs23.23 as import bills by May 3.

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