PSO receivables reach PKR 907.8 billion as SNGPL dues top PKR 544 billion
Principal receivables stand at PKR 528.5 billion, while late-payment surcharges account for another PKR 379.3 billion
Haris Zamir
Business Editor
Experience of almost 33 years where started the journey of financial journalism from Business Recorder in 1992. From 2006 onwards attached with Television Media worked at Sun Tv, Dawn Tv, Geo Tv and Dunya Tv. During the period also worked as a stringer for Bloomberg for seven years and Dow Jones for five years. Also wrote articles for several highly acclaimed periodicals like the Newsline, Pakistan Gulf Economist and Money Matters (The News publications)
PSO's total receivables stood at about PKR 907.8 billion as of October 1, 2026
Pakistan State Oil’s (PSO) total receivables stood at about PKR 907.8 billion as of October 1, 2026, according to data received from the Ministry of Energy.
The receivables included PKR 528.5 billion in principal amounts and PKR 379.3 billion in late-payment surcharges, the data showed.
Sui Northern Gas Pipelines Limited (SNGPL) accounted for the largest amount, owing PSO about PKR 544.1 billion. This included PKR 276.5 billion in principal receivables and PKR 267.6 billion in late-payment surcharges.
Receivables from power-sector entities, including GENCOs and the Central Power Purchasing Agency, totaled PKR 155.7 billion. Of this, PKR 57.4 billion comprised principal receivables and PKR 98.3 billion late-payment surcharges.
Kot Addu Power Company owed another PKR 3.5 billion, while Pakistan International Airlines owed PKR 23.8 billion.
The data also showed PKR 1.87 billion in claims relating to the 1996-2014 period and another PKR 24.2 billion categorized as claims arising from the current war.
PSO also reported PKR 60.4 billion related to an exchange-rate differential on an FE-25 loan, while sales tax receivables stood at PKR 88.3 billion.
Pakistan Railways owed another PKR 5.9 billion.
The individual amounts listed in the ministry data total approximately PKR 907.8 billion, consistent with the overall receivables figure.
Why do the receivables matter for PSO?
Large outstanding receivables can put pressure on PSO’s working capital because the company must continue meeting fuel-purchase and operating requirements while substantial amounts owed by customers and government-linked entities remain uncollected. Delayed recoveries can therefore affect liquidity and increase the funding needed to support ongoing operations.
The PKR 528.5 billion in principal receivables represents amounts that remain due to PSO, while PKR 379.3 billion in late-payment surcharges represents additional charges accumulated on delayed payments.
PSO has previously identified receivable recovery and working-capital management as important to its financial position. The company said trade receivables fell to PKR 414.8 billion at the end of FY2026 and that improved working-capital management, alongside lower discount rates, helped reduce finance costs.
The timing of recoveries is therefore important for PSO’s ability to meet supplier obligations and finance fuel purchases without adding pressure to its funding requirements.
The receivables also highlight the interconnected payment obligations across Pakistan’s gas and power sectors, where delayed payments can transmit financial pressure through the energy supply chain.
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