July 13, 2026
Pakistan Misses IMF Gas Tariff Deadline as Gas Sector Circular Debt Tops Rs3.44 Trillion
Pakistan has missed the July 1, 2026 IMF deadline to notify revised gas tariffs — a structural benchmark under its $7 billion Extended Fund Facility — as gas sector circular debt reached Rs3.44 trillion. The delay is attributed to a legal dispute over the OGRA chairmanship and volatile global energy prices, with officials characterising it as a "technical breach." SNGPL alone carries Rs819 billion in gas circular debt and was unable to repay a Rs50 billion bank loan taken for LNG payments.





