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GENCOs, SNGPL, PIA have to pay Rs259 bn to PSO National January 21, 2021 ISLAMABAD: The state-owned electric generation companies (GENCOs) have defaulted on payment of Pakistan State Oil (PSO) by Rs131.581 billion with Sui Northern Gas Pipelines Limited (SNGPL) also failing to clear the LNG payments of Rs107.093 billion. Pakistan International Airlines (PIA) is not behind in the race as it has so far defaulted on payment of Rs20.802 billion, unfolds the financial daily position of the Pakistan State Oil as of January 19, 2021 available with The News. Moreover, HUBCO and KAPCO owe PSO Rs65 billion. The data about the daily financial position of the state-owned entity also shows that receivables of PSO have jacked up to Rs333.730 billion, putting the entity in hot waters making it unable to smoothly run its operations.

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