PSO pays off bank loans from Rs 60bln received as receivables settlement

MG News | March 04, 2019 at 11:01 AM GMT+05:00

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March 4, 2019 (MLN): Pakistan State Oil Company Limited (PSO) received an aggregate amount of Rs. 60 billion as partial settlement of receivables related to certain power sector companies on March 01, 2019, after close of normal business hours.

Consequently, PSO’s principal receivables balance from the power sector companies has reduced accordingly. The amount received by the company has been used for partial repayment of its bank borrowings.

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