Pakistan Oil Faces Financial Crisis As Receivables Soar

Pakistan’s oil and gas sector is currently facing a severe financial crisis, primarily due to skyrocketing receivables that have reached approximately PKR 800 billion (around $2.5 billion) owed to local Exploration and Production (E&P) companies. This alarming situation has been exacerbated by delayed payments from state-owned gas utilities, particularly Sui Southern Gas Company Limited (
Pakistan’s oil and gas sector is currently facing a severe financial crisis, primarily due to skyrocketing receivables that have reached approximately PKR 800 billion (around $2.5 billion) owed to local Exploration and Production (E&P) companies. This alarming situation has been exacerbated by delayed payments from state-owned gas utilities, particularly Sui Southern Gas Company Limited (
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