OGDC receives Rs7.7bn under Circular Debt Plan

MG News | April 24, 2026 at 12:35 PM GMT+05:00

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April 24, 2026 (MLN): Oil and Gas Development Company Limited (PSX: OGDC) has received the tenth interest installment of Rs7.725 billion from Power Holding (Private) Limited, as part of the government-backed circular debt settlement mechanism.

According to the company’s filing to the Pakistan Stock Exchange, the payment represents one of twelve equal monthly installments under the approved plan.

The total interest amount of Rs92 billion is scheduled to be repaid in twelve equal tranches, with payments having commenced in July 2025.

The latest inflow signals continued adherence to the repayment schedule under the government’s broader strategy to tackle circular debt in the energy chain.

The mechanism, approved by the Government of Pakistan, aims to ease liquidity pressures across the energy sector by ensuring timely settlement of outstanding obligations.

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