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- By Jobs in Pakistan Career in Pakistan
- Published February 7, 2010
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Pakistan State Oil PSO gets Rs8 billion to trim circular debt
- By Jobs in Pakistan Career in Pakistan
- Published January 11, 2010
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ISLAMABAD: The finance ministry on Friday paid Rs8 billion to Pakistan State Oil to reduce its circular debt, however the largest oil marketing company has expressed it concerns over the issue.
In a meeting with the officials of petroleum ministry and the finance ministry and the PSO management here on Friday, it was acknowledged that the circular debt had been caused because of mismanagement and recovery problems by Pakistan Electric Power Company (Pepco).
The PSO has asked the government to separate the electricity sector from the oil and gas sector to resolve the lingering issue of circular debt.
In a meeting with the officials of petroleum ministry and the finance ministry and the PSO management here on Friday, it was acknowledged that the circular debt had been caused because of mismanagement and recovery problems by Pakistan Electric Power Company (Pepco).
The PSO has asked the government to separate the electricity sector from the oil and gas sector to resolve the lingering issue of circular debt.