KARACHI - Sui Southern Gas Company (SSGC) reiterates K-Electric as one of its primary defaulters and revealed that to date it owes Rs68 billion and not Rs 58 billion.

According to details, the SSGC management has been pursuing its legitimate claim from K-Electric by filing recovery suit against the latter. At the same time, the SSGC management is in constant liaison with the concerned ministries to expedite the recovery of outstanding dues from the power utility company as well as other major defaulters.

It is pertinent to mention here that on a daily basis, the SSGC submits an Inter Corporate Circular Debt report to the Finance Division of the Government of Pakistan that updates the receivables position of K-Electric and other customers.