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PSO posts a profit of Rs13.4 billion in 9MFY24 - Daily Times
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ISLAMABAD:
Pakistan State Oil (PSO) has warned that the country’s entire energy supply chain may get disrupted as circular debt is uncontrollably rising in sales of liquefied natural gas (LNG).
In a letter written to the managing director of Sui Northern Gas Pipelines Limited (SNGPL), oil marketing giant PSO said that outstanding dues against…
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ISLAMABAD:
The gas sector braces for another blow as approximately $1 billion is earmarked for diverting expensive RLNG to the domestic sector in a bid to alleviate the gas crisis anticipated in the fiscal year 2024-25.
State-owned oil and gas entities are already staggering under the weight of a circular debt amounting to Rs710 billion,…