OGDCL Receives 10th Installment of Rs. 7.7 Billion Under Govt’s Circular Debt Settlement Plan

Oil and Gas Development Company Limited has received Rs. 7.725 billion as part of the government’s circular debt settlement plan, marking the tenth installment under the ongoing payment structure.

The payment was made by Power Holding Private Limited as interest under Term Finance Certificates, in line with a government-approved mechanism to address energy sector debt.

The total interest amount of Rs. 92 billion is being repaid in 12 equal monthly installments, with payments having started in July 2025. OGDCL had accumulated large receivables due to unpaid dues from power producers and gas companies, affecting its cash flow and investment capacity.

The latest installment reflects continued progress in the government’s efforts to reduce circular debt and improve liquidity within the energy sector. OGDCL said the update has been shared in compliance with regulatory requirements for disclosure to the Pakistan Stock Exchange and other stakeholders.