Pakistan finance ministry to help bail out Pakistan State Oil

Pakistani Prime Minister Syed Yousuf Raza Gilani has told the finance ministry to resolve all matters in the circular debt of Pakistan State Oil (PSO). Pakistan State Oil is reportedly in grave financial condition. The Finance Ministry has been directed to appropriate Rs 30 billion (US$350.4 million) to assist the company so that it can again start importing petroleum products. (February 22, 2011)