PSO edging closer to financial collapse
Ibn-e-Ameer It is poor management, inefficiency, or government intervention; whatever you call it, Pakistan State Oil (PSO) is edging towards financial collapse due to circular debt. PSO Pakistan is the country’s largest oil marketing company–an organization that government owns. It claims to capture a 46.3% market share in FY21 against 44.3% in FY20, leading to…