Tag Archives: PSO in dire straits as launch of Rs200bn bond delayed

ISLAMABAD: The delay in the launch of Rs200 billion Islamic bond to rescue the troubled energy sector has put the largest state-owned firm — Pakistan State Oil (PSO) — in dire straits with its receivables going beyond a record Rs364bn. A senior petroleum ministry official said receivables from the power sector alone had touched Rs265bn as of Jan 18 because …

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