Pakistan, IMF remain split over gas debt resolution plan
A fresh round of virtual negotiations between Pakistan and the International Monetary Fund (IMF) has ended in deadlock, with the two sides unable to agree on a mechanism to unwind close to Rs1.7tr worth of circular debt piled up in the gas sector.
July 21, 2026 (MLN): A fresh round of virtual negotiations between Pakistan and the International Monetary Fund (IMF) has ended in deadlock, with the two sides unable to agree on a mechanism to unwind close to Rs1.7tr worth of circular debt piled up in the gas sector. At the heart of the disagreement, sources said, is a Fund demand that Islamabad stop treating unpaid dues owed to the country's two state-run gas util...