8:19 AM
McGhori
KARACHI: Pakistan State Oil has said that its total receivables have reached to Rs179 billion due to non-payments from the power sector and PIA, which may lead to an inevitable breakdown in the supply chain resulting in fuel shortage.
A PSO spokesman on Friday said that despite non-payments the company had struggled to supply fuel worth an average of Rs32 billion to the power entities on a monthly basis. But Hubco, Wapda and Kapco had continuously defaulted on their payment obligations to PSO.
An average monthly shortfall of Rs10 billion had been recorded in payments from the power sector for the past six months, with just Rs5.2 billion being disbursed to PSO in the month of November.
He said a similar situation was occurring...
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