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Pakistan State Oil on the verge of default

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Pakistan State Oil on the verge of default

KARACHI: Pakistan State Oil (PSO) will likely default on payments to its international fuel suppliers if it fails to arrange Rs15 billion today, Geo News reported. According to reports, last week, the PSO had urged the federal government to release Rs15 billion so that it could save itself from defaulting on its LC payments and square with its creditors.PSO s troubles have multiplied since two banks refused to issue letter of credit to the state-run oil company.Experts say PSO s failure to pay up will have serious repercussion for the economy of the country and may aggravate the prevailing energy crisis.

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GEO

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Mdn 12:16 PM

to 29 egine 23 kai se 5 me 6 mines 8a gini 13 . afou diwxnoun kati makleas san ton dendia tous ka8arous psifoforous tis neas dimokratias.kai den ton niazei gia tous apoliomenous simvasiouxous pyrosvestes. opos leei kai i diafimisi me ta tzampo 8a to pw egw gia ti nea dimokratia. ereeeeeeeeeeeeee syriza pou sas xriazeteeeeeeeeeeeeeeeeee kai poly sintoma 8a einai kai kivernisi. me tis ygeies sas kyrioi kai kyries tis neas dimokratias sas vlepw se ligo skiodes ypourgous stin kivernisi syriza

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