Sunday, December 5, 2010

Receivables Exceed 152 Billion Rupees, PSO

Receivables Exceed 152 Billion Rupees, PSOLates News About Update Receivables Exceed 152 Billion Rupees, PSO, Pakistan State Oil has said that PSO's receivables have exceeded 152 billion rupees out of which 80 percent is immediately payable by the borrowers after the credit limit has expired, Dunya News reported on Thursday. According to the statistics provided by the spokesman of PSO, receivables on the part of WAPDA are 53 billion in volume out of which 38 billion rupees have exceeded their credit limit.





Similarly HUBCO has to give 61 billion rupees to PSO whereas KEPCO has to give 25 billion rupees immediately. Due to these deferred payments to PSO, severe difficulties are being faced for the payments of oil imports and payments to the oil refineries. y

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