Pakistan, May 27 -- The Pakistani government has formally presented a comprehensive plan to the International Monetary Fund (IMF) aimed at eliminating the mounting Rs3 trillion circular debt in the gas sector. This initiative is part of the country's upcoming budget preparations and a broader effort to stabilize the energy sector.

According to official sources, the Petroleum Division crafted the detailed plan, which outlines a range of strategies to curb the financial crisis in the gas sector. These include potential use of profits from state-owned enterprises (SOEs) to reduce debt, instead of passing the burden onto consumers.

The circular debt in the gas sector has reached an alarming level, prompting urgent discussions between Pakist...