StocksMedium•10 November 2026•
1 min read
Pakistan's SNGPL Warns of Default Risk Amid Severe Liquidity Crisis
Key Facts
1SNGPL warned of a severe liquidity crisis due to unpaid power sector bills totaling Rs169.27 billion.
2The company is seeking urgent fund recovery from WAPDA and IPPs to avoid defaulting on payments to gas suppliers.
SNGPL warned of a severe liquidity crisis due to unpaid power sector bills totaling Rs169.27 billion. Profit by Pakistan Today reported that the company faces a potential default on international and local payments as a result of this massive liquidity crunch.
The company is seeking urgent fund recovery from WAPDA and independent power producers to avoid defaulting on payments to gas suppliers. The accumulation of circular debt in Pakistan's energy sector has left SNGPL unable to collect dues from power plants, threatening its ability to meet its own financial obligations.