ISLAMABAD: Federal Minister for Energy (Petroleum Division) Ali Pervaiz Malik said Pakistan’s total gas sector circular debt, along with outstanding payables to indigenous gas and liquefied natural gas (LNG) suppliers, stood at Rs5.454 trillion as of June 30, 2026.
In written replies to questions during Monday’s Question Hour in the National Assembly, the minister said the total circular debt stood at Rs3.631 trillion, while outstanding gas payables amounted to Rs1.823 trillion.
He said the circular debt of Rs3.631 trillion comprised tariff differentials of Rs1.448 trillion, receivables from power companies amounting to Rs131 billion, sales and income tax receivables of Rs210 billion, and litigation-related amounts worth Rs59 billion.
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He said that the total principal amount stood at Rs1.848 trillion, while the late payment surcharge (LPS) amounted to Rs1.783 trillion. He added that payables to indigenous gas suppliers stood at Rs1.479 trillion, while payables to LNG suppliers, including RLNG price actualisation and diversion costs, amounted to Rs344 billion.
The minister said that the Circular Debt Management Plan (CDMP) was currently being finalised in consultation with all relevant stakeholders. He said the plan would be finalised after the completion of the requisite consultations and deliberations and would subsequently be submitted to the competent forum for consideration and approval. Subject to the requisite approvals, the finalised CDMP would be shared with the International Monetary Fund (IMF) under the ongoing policy and reform framework.
Replying to another question, Minister for Energy (Petroleum Division) Ali Pervaiz Malik said that the country’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.
He said that 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.
In another written reply to a question, Foreign Minister Senator Mohammad Ishaq Dar told the House that a total of 21,647 Pakistani nationals were imprisoned in jails in various countries. Of these, 13,078 were facing trial, while 8,569 had been convicted.
He said that 5,297 Pakistani nationals were imprisoned in the United Arab Emirates (UAE), 23 in the United Kingdom (UK), 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 (US), 84 Pakistani prisoners were facing trial, while 57 had been convicted. In Italy, 133 were facing trial and 220 had been convicted. In China, 417 Pakistani prisoners were facing trial, while 235 had been convicted.
Copyright Business Recorder, 2026