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Urgent one other problem to the caretaker authorities of Pakistan, the excellent dues of Pakistan State Oil (PSO) from numerous sectors have now surged previous a staggering Rs 740 billion, ARY Information reported, citing sources.
Among the many substantial dues, imported Re-Gasified Liquefied Pure Gasoline (RLNG) accounts for over Rs 451 billion. This vital debt pertains to transactions involving the provision of RLNG to the Sui Northern Gasoline Firm.
As well as, the facility sector is burdened with a considerable debt of Rs 182 billion owed to PSO. Moreover, Pakistan Worldwide Airways (PIA) and the Authorities of Pakistan have collectively amassed a further Rs 108 billion in dues to PSO, contributing to the corporate’s monetary woes.
Alternatively, PSO itself carries substantial monetary obligations, owing a complete of Rs 36.40 billion to native refiners, in addition to accountable to pay Rs Rs 154 billion for imported Liquefied Pure Gasoline (LNG).
Furthermore, the persistent depreciation of the Pakistani rupee in opposition to foreign currency stays a looming risk.
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