Shall we start storing the Petrol now? PSO is drowned in debt of 294 Billion

Musafir123

Senator (1k+ posts)
 

Will_Bite

Prime Minister (20k+ posts)
What a pickle PMLN is in.

On the one hand, Khaqan Abbasi cannot lay the blame for any ills on the previous govt....as previous govt was theirs as well.
On the other hand, NS darbaris are saying that 'agar mian sahib ko hataya na jata to yeh hota, woh hota'.....as if this govt belongs to someone else.
 

Renegade

MPA (400+ posts)
Receivables are actually an asset, not debt. That's actually a very healthy position for PSO. It's actually the power sector that's in deep trouble.
 

ansaree

Voter (50+ posts)
Quality of receivables is important. Long outstanding receivables impair a company's ability to operate due to cash shortage. Many large companies in the world have gone bankrupt because their receivables were noncollectable.