KARACHI: The Pakistan State Oil (PSO) does not have enough reserves to buy petrol and the company’s circular debt has crossed Rs200 billion mark.
As per media reports, the state oil company is out of money to buy petrol while people are facing problems due to petrol shortage in Punjab. PSO had asked the government for Rs72 billion to pay the indigenous oil refineries. The government has not taken measures required to reduce the circular debt of PSO.
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