PSO's recoveries from SNGPL improve amid gas price hike

By MG News | June 24, 2024 at 03:09 PM GMT+05:00

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June 24, 2024 (MLN): Pakistan State Oil Company Limited’s (PSX: PSO) recoveries from Sui Northern Gas Pipelines Limited (SNGPL) have improved following recent gas price increases, the management of the company highlighted during investor briefing session on Monday.

Total PSO receivables stand at Rs810 billion, which includes Rs500bn from sui northern and Rs150bn from electricity generating units.

Meanwhile, the receivables from The Hub Power Company Limited (PSX: HUBC) and Pakistan International Airlines Corp (PSX: PIAA) stand at Rs27bn.

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