OGDC collects Rs7.7bn in energy sector circular debt

MG News | January 23, 2026 at 04:32 PM GMT+05:00

0:00

January 23, 2026 (MLN): Oil & Gas Development Company Limited (PSX: OGDC) has received the seventh installment of Rs7.725 billion as part of the circular debt settlement plan from Power Holding (Private) Limited (PHL).

This installment is one of twelve equal monthly payments agreed under the Government of Pakistan (GOP) approved mechanism, the company's filing on PSX revealed today.

The total interest amount of Rs92bn is being repaid in twelve equal monthly installments, which commenced in July 2025.

The receipt of this installment demonstrates ongoing progress under the GOP’s initiative to resolve circular debt within the energy sector.

Copyright Mettis Link News

Related News

Din Textile rents out unit-IV space

Raqami Digital Bank plans $100m investment

Name	Price/Vol	%Chg/NChg
KSE100	189,166.83 407.93M	0.79% 1478.66
ALLSHR	112,809.65 875.49M	0.16% 181.96
KSE30	58,207.71 147.51M	1.27% 729.47
KMI30	269,497.03 190.79M	1.15% 3053.85
KMIALLSHR	72,828.34 555.24M	0.32% 235.69
BKTi	53,520.37 33.89M	-0.06% -32.37
OGTi	38,886.75 10.61M	-1.00% -393.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,065.00	90,135.00 88,850.00	-380.00 -0.42%
BRENT CRUDE	65.24	65.30 64.29	1.18 1.84%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-3.10 -3.45%
ROTTERDAM COAL MONTHLY	98.50	0.00 0.00	-0.30 -0.30%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	60.47	60.54 59.52	1.11 1.87%
SUGAR #11 WORLD	14.81	14.98 14.81	-0.15 -1.00%