PSO circular debt clearance plan advances with IMF, govt
PSO circular debt clearance is under joint discussion with Islamabad and the IMF, while management says unpaid bills owed to the firm have not moved since February 2024.
Pakistan State Oil, federal authorities and the IMF are shaping a settlement for unpaid energy-chain dues.
Management told the AGM that receivables have stayed flat since February 2024 despite later recoveries.
About Rs10 billion came from the Power Division after year-end and Rs26 billion from SNGPL in the last quarter.
Retail share is again above 40 percent, with most of the rebound since July 2026.
Network automation is targeted by March 2027 before OMC margin revisions; EV chargers are planned on key corridors.