Pakistan Steel Mills (PSM) reportedly began defaulting on its monthly payments to the Sui Southern Gas Company (SSGC), with the issue persisting intermittently until March 2015. Sources indicate that these defaults created financial strain for SSGC and disrupted the regular supply and billing processes between the two organizations.
The irregular payments were attributed to PSM’s ongoing operational and financial challenges, which hindered its ability to meet contractual obligations on time. Industry observers note that such defaults can have wider implications for energy distribution and industrial operations, particularly for sectors dependent on uninterrupted gas supply.
Authorities reportedly engaged in discussions to resolve the matter, stressing the need for timely settlements and improved financial management to prevent future disruptions. Analysts believe that addressing these defaults was crucial to maintaining industrial stability and safeguarding the interests of both PSM and SSGC.
