PSO Facing Rs 77.7 Billion Circular Debt
Tuesday, November 24, 2009 at 3:59 pm
PSO Facing Rs 77.7 Billion Circular Debt, Senate’s Standing Committee for Petroleum Chairman Sabir Baloch said that PSO is facing circular debt of Rs 77.7 billion. He said that many sectors including power sector may face problems if proper steps are not taken on war footing. He was talking to a meeting of Senate’s Standing Committee for Petroleum Chairman. In the meeting, MD PSO Irfan Qureshi said that different organizations including power sector have to pay Rs 69.6 billion arrears of PSO. Criticizing the WAPDA, Senator Haroon Khan said that proper steps are not being taken to end the circular debt of PSO.
|
|
|
From World:
Got something to say?
You must be logged in to post a comment.
Todays news from Business News
- Gujarat Riots: High Court Slams Narendra Modi Govt For Failing
- Syria’s Homs Suffers ‘Heaviest’ Shelling
- Gilani Files Appeal In Contempt Case
- Maldives President Resigns After Police Revolt
- Gen. James N. Mattis Visit: US Mulling To Apologise Over Nato Attack
Advertisement
Email Subscription
Advertisement
