OGDCL receives nearly Rs8bn under CD plan

MG News | October 24, 2025 at 01:00 PM GMT+05:00

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October 24, 2025 (MLN): Oil & Gas Development Company Limited (PSX: OGDC) has received the fourth interest payment from Power Holding (Private) Limited (PHL), amounting to Rs7.725 billion, as part of the government’s ongoing circular debt settlement mechanism.

In a notice to the Pakistan Stock Exchange (PSX), the company stated that the installment is one of twelve equal monthly payments being made under the Government of Pakistan’s approved framework to address the circular debt crisis in the energy sector.

According to OGDC, the total interest amount of Rs92bn is being repaid in twelve equal monthly installments, which commenced in July 2025.

The company noted that the receipt of this latest installment demonstrates continued progress in the government’s efforts to reduce the circular debt burden, which has long strained the country’s energy supply chain and liquidity position of state-owned enterprises.

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