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Pakistan’s Energy sector Faces Crisis as Gas Companies Default on Payments
Islamabad – Pakistan’s upstream oil and gas exploration and production companies are facing a meaningful financial strain due too over Rs 1.5 trillion in overdue payments from state-owned Sui Southern Gas Company Ltd (SSGC) and Sui Northern gas Pipeline Ltd (SNGPL). This escalating debt is threatening energy security and investor confidence in the country’s energy sector.
The growing Debt Crisis
The pakistan Petroleum Exploration and Production Companies Association (PPEPCA) has formally protested the delayed payments, highlighting a critical cash flow crisis. According to PPEPCA, the total outstanding dues have surged from Rs 224 billion in June 2015 to Rs 1.5 trillion by September 2025, excluding late payment surcharges .Currently, SNGPL owes Rs
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