ISLAMABAD: Pakistan’s total gas sector circular debt, including outstanding payables to indigenous gas and liquefied natural gas suppliers, stood at Rs5.454 trillion as of June 30, 2026, Federal Minister for Energy (Petroleum Division) Ali Pervaiz Malik told the National Assembly.
In written replies during Monday’s Question Hour, Malik said the circular debt totaled Rs3.631 trillion, while outstanding gas payables amounted to Rs1.823 trillion.
The circular debt of Rs3.631 trillion comprised tariff differentials of Rs1.448 trillion, receivables from power companies of Rs131 billion, sales and income tax receivables of Rs210 billion, and litigation-related amounts worth Rs59 billion, he said.
The minister said the total principal amount stood at Rs1.848 trillion, while the late payment surcharge amounted to Rs1.783 trillion. Payables to indigenous gas suppliers stood at Rs1.479 trillion, while payables to LNG suppliers, including RLNG price actualization and diversion costs, amounted to Rs344 billion.
Malik said the Circular Debt Management Plan is being finalized in consultation with all relevant stakeholders. The plan will be submitted to the competent forum for consideration and approval after consultations are completed, he said. Subject to approvals, the finalized plan would be shared with the International Monetary Fund under the ongoing policy and reform framework.
In response to another question, Malik said Pakistan’s total recoverable oil reserves stood at 1,378 million barrels, of which 1,102 million barrels had been produced, leaving 276 million barrels in recoverable reserves.
The country’s total recoverable gas reserves stood at 68,803 billion cubic feet, of which 48,140 billion cubic feet had been produced, leaving 20,664 billion cubic feet in recoverable reserves, he said.
In a separate written reply, Foreign Minister Sen. Mohammad Ishaq Dar told the House that 21,647 Pakistani nationals were imprisoned in various countries. Of these, 13,078 were facing trial and 8,569 had been convicted.
Dar said 5,297 Pakistani nationals were imprisoned in the United Arab Emirates, 23 in the United Kingdom, 578 in Oman, 599 in Qatar, 134 in Malaysia, 68 in Kazakhstan, 738 in India, 105 in Germany and 86 in Afghanistan.
In the United States, 84 Pakistani prisoners were facing trial and 57 had been convicted. In Italy, 133 were facing trial and 220 had been convicted. In China, 417 Pakistani prisoners were facing trial and 235 had been convicted, he said.
