Karachi: Pakistan Petroleum Limited (PPL) has issued a statement addressing concerns raised by a speculative article published in electronic media, as referenced in a letter dated July 4, 2025. The company clarified the situation regarding its financial dealings and the implications of the article, which primarily focused on Pakistan State Oil (PSO).

The article in question discussed receivables from the power sector, mentioning PPL alongside other companies such as PSO and Oil and Gas Development Company (OGDC). PPL emphasized that the article has not been published in mainstream media and that its content is speculative. The company assured stakeholders that it regularly discloses its receivables in its quarterly and annual financial statements.

Regarding the circular debt issue, PPL confirmed that it has yet to receive any payments to settle past circular debt. The company noted that the matter remains a priority for the federal government, though no formal directives have been issued. Consequently, PPL stated that there is currently no further information to report on this matter.

According to information available from the Pakistan Stock Exchange (PSX), the market has shown a Minor move in response to the statement by PPL. The company underlined that there is no factual information in the article that could be confirmed or denied, further clarifying its stance on the speculative content.

The clarification is expected to reassure investors and stakeholders about PPL's position regarding its financial health and ongoing challenges with the power sector's receivables.