PSO receivables mount to Rs. 308.8 billion; up 7.67 percent in ten months

By MG News | April 24, 2018 at 11:54 AM GMT+05:00

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Pakistan State Oil (PSO) relievables have increased by more than 7.67 percent during the last ten months reaching a total of Rs. 308.8 billion up from Rs. 286.6 billion on 30^th June, 2017.

Major Receivables
Major Receivables	Rs. In Billion
22^nd April, 2018	31^st March, 2018	30^th June, 2017	January, 2017
Power Sector Receivables	179.7	185.6	176.2	163.4
SNGPL for LNG	22.4	21.6	14.0	5.0
PIA	13.2	13.1	13.3	-
PDC	9.6	9.6	9.6	-
Total	224.9	229.9	213.1	-
LPS	83.9	83.9	73.7	56
Total (Including LPS)	308.8	313.8	286.8	-

Of the total amount, Power Sector Receivables by 22 April, 2018 have reached 179.7 Rs. billion forming a major chunk of the entire amount. However, receivables from Sui Northern Gas Company Limited (SNGPL) for Liquefied Natural Gas (LNG) have during the last ten months jumped up by 60 percent reaching Rs. 22.4 billion.

Furthermore, receivables from Pakistan International Airlines (PIA) have remained unchanged at Rs. 13.2 billion down Rs. 0.1 billion from Rs. 13.3 billion in June, 2017.

However, in other developments Late Payment Surcharge (LPS) payments have ballooned to Rs. 83.9 billion up 13.83 percent increase from Rs. 73.7 billion

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