PSO Receivables Surge To Rs908.7 Billion

Pakistan State Oil’s (PSO) outstanding receivables have climbed to Rs908.709 billion, placing further pressure on the company’s liquidity as delayed payments from the gas, power, and public sectors continue to impact its financial position, according to The News.

Based on PSO’s daily receivables and payables report dated July 20, 2026, Sui Northern Gas Pipelines Limited (SNGPL) remains the largest debtor, with outstanding dues of Rs535 billion for supplies of re-gasified liquefied natural gas (RLNG).

PSO is also awaiting Rs168 billion from the power sector, Rs81 billion in tax refunds and claims from the Federal Board of Revenue (FBR), and Rs60 billion related to foreign exchange losses.

Other outstanding receivables include Rs31 billion owed by Pakistan International Airlines (PIA), Rs24 billion in price differential claims arising from the Iran-Israel conflict, and Rs5.3 billion due from Pakistan Railways.

Of the company’s total receivables, Rs525 billion are overdue. The total figure also includes Rs310 billion in Late Payment Surcharge (LPS), highlighting prolonged payment delays by multiple entities.

Meanwhile, PSO’s total liabilities stand at Rs157 billion, including Rs56 billion payable to local refineries for petroleum products already supplied and Rs101 billion against letters of credit opened for crude oil, petroleum products, and LNG imports.

Among domestic refineries, Pak-Arab Refinery Company (PARCO) has the highest outstanding claim of Rs30.348 billion, followed by Pakistan Refinery Limited (PRL) with Rs13.887 billion, National Refinery Limited (NRL) with Rs6.376 billion, and Attock Refinery Limited (ARL) with Rs5.572 billion.

Unpaid RLNG dues from SNGPL continue to be the primary reason behind PSO’s mounting receivables. Since SNGPL supplies imported gas to power plants and industrial consumers, delays in recovering payments from end-users continue to flow through to PSO, further tightening liquidity across the country's gas and power sectors.