ISLAMABAD: Pakistan’s gas sector circular debt surged to Rs3,631 billion as of June 30, 2026, registering an increase of Rs344 billion over the previous year, while Rs1,783 billion of the outstanding amount comprises surcharges imposed on delayed payments, according to details presented by the Petroleum Division before the National Assembly.
According to the Petroleum Division, the gas sector’s circular debt stood at Rs3,288 billion on June 30, 2025, before increasing to Rs3,631 billion by June 30, 2026. The figures show a substantial rise in the sector’s financial liabilities over the one-year period.
Of the total circular debt, Rs1,783 billion relates to surcharges levied on delayed payments, highlighting the significant share of these charges in the accumulated liabilities of the gas sector.
The details were presented in the National Assembly alongside information on Pakistan’s recoverable oil and gas reserves and production-related figures.
According to the data, Pakistan has recoverable gas reserves of 68,803 billion cubic feet (BCF), while reported production-related figures account for 48,140 BCF of gas.
The Petroleum Division also reported that the country has recoverable crude oil reserves of 1,378 million barrels, while production has been recorded from reserves amounting to 1,102 million barrels.
The figures provide an overview of Pakistan’s gas sector debt burden and the country’s recoverable oil and gas resources as of the reported period.