PSO receivables climb to Rs908.7 billion as SNGPL dues exceed Rs535 billion

Pakistan State Oil’s (PSO) total receivables have risen to Rs908.709 billion, intensifying liquidity pressures as delayed payments from the gas, power and public sectors continue to strain the company’s finances, The News reported. 

According to PSO’s daily receivables and payables position as of July 20, 2026, Sui Northern Gas Pipelines Limited accounts for the largest share of the outstanding amount, owing Rs535 billion against supplies of re-gasified liquefied natural gas.

Receivables from the power sector stand at Rs168 billion, while PSO is also awaiting Rs81 billion in tax refunds and claims from the Federal Board of Revenue and Rs60 billion against foreign exchange losses.

Pakistan International Airlines owes Rs31 billion, while Rs24 billion is outstanding in price differential claims linked to the Iran-Israel conflict. Pakistan Railways owes another Rs5.3 billion.

Of PSO’s total receivables, Rs525 billion are overdue. The overall amount also includes Rs310 billion in Late Payment Surcharge, reflecting prolonged delays by various entities.

At the same time, PSO has outstanding liabilities of Rs157 billion. This includes Rs56 billion payable to domestic refineries for petroleum products already supplied and Rs101 billion against letters of credit opened for crude oil, petroleum products and LNG imports.

Among local refineries, Pak-Arab Refinery Company has the largest outstanding claim at Rs30.348 billion, followed by Pakistan Refinery Limited at Rs13.887 billion, National Refinery Limited at Rs6.376 billion and Attock Refinery Limited at Rs5.572 billion.

SNGPL’s unpaid RLNG bills remain the biggest contributor to PSO’s receivables. As SNGPL supplies imported gas to power producers and industrial consumers, delays in recovering payments from downstream customers continue to pass through to PSO’s balance sheet, worsening liquidity constraints across the gas and power sectors.