Pakistan

PSO warns to cut fuel supply as dues cripples its liquidity

Published November 25, 2011 Updated November 25, 2011 11:02pm

According to a PSO statement, the huge outstanding caused by non-payments from the power sector and airline has maimed company's liquidity position.

The piled up huge receivables of Rs 179 billion have crippled the company's liquidity position which may lead to an inevitable breakdown in the supply chain resulting in fuel shortage in the country.

Copyright APP (Associated Press of Pakistan), 2011