| GEO Business|
| PSO’s receivable dues approach Rs93b|
| Updated at: 1703 PST, Tuesday, August 25, 2009|
KARACHI: The dues of Pakistan State Oil owed by various institutions rose to Rs93 billion, Geo News reported Tuesday.
According to sources privy to the industry, if the PSO does not get Rs40 billion by August 27, then the PSO will land into hot waters.
The sources said PSO is to receive Rs36 billion from Hub Power Company, Rs29 billion from Wapda and Kot Addu Power Company owes dues of Rs19 billion to the PSO.
The sources further said the PSO is to receive Rs5 billion from government under Price Differential Claim; while, it has Rs4 billion receivable from various other institutions.