Pakistan State Oil imports oil and sells it to other companies in Pakistan. Many provinces and large companies take the oil but delay payment and in some cases never pays. PSO is owed hundreds of million dollars instead of collecting the bills the government forces the banks to loan money to PSO so that it can buy oil overseas. The banks are refusing, PSO delayed import of oil, some supporters of Nawaz Sharif wants to privatize PSO so they can mint money. Its combination of many factors and ultimately looks bad on Nawaz Sharif for lack of leadership.I just cant understand something, when the price of crude is so low how is it that you guys face a shortage. if i am not mistaken the prices of petrol is cheaper in Pakistan than India.