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Pakistan Government Sanctions PKR 350 Million for PSM for Partial Settlement of SSGC Liabilities-2020 China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition
3/2/2020 钣金展-激光展- Laser expo, Sheet Metal Industry expo |
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The Nation reported that the Economic Coordination Committee of Pakistan’s Cabinet has approved release of PKR 350 million for Pakistan Steel Mills for partial settlement of the Sui-Southern Gas Company liabilities. The Ministry of Industries and Production had sought PKR 3 billion for the payment of SSGC dues by PSM on account of gas bills. The amount is due on account of gas SSGC is providing to the closed mill to keep its connection on. The monthly cost of gas provision to the closed mill is PKR 82 million. Officials informed that the government has decided that PSM will pay PKR 350 million to avert total disconnection and if this does not happen another way out of this issue will be found.
The SSGC’s total receivables against PSM stood at PKR 62 billion of which around Rs22 billion is the principle whereas PKR 40 billion is interest on late payment.
钣金展-激光展-2020年第二十一届广州国际激光设备及钣金工业展
-2020 China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition
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