Funds being arranged to clear circular debt: MoP

In reaction to news in a section of press regarding furnace oil shortages, the Ministry of Petroleum and Natural Resources clarifies that upon instructions of the Advisor to the Prime Minister on Petroleum and Natural Resources, Dr Asim Hussain and as part of his efforts to resolve circular debt issue, funds from the Finance Division are being arranged urgently and the Ministry is also endeavouring to resolve the issue of circular debt on a permanent basis.
The Ministry has advised the refineries to continue their operations. Moreover, Pakistan State Oil Company Limited (PSO) has also been directed to ensure timely payment to the refineries for uninterrupted production.-PR