Oil & Gas Development Company Limited (OGDCL) has received a total of Rs. 38.65 billion in interest payments so far from Power Holding (Private) Limited (PHL) as part of the government’s ongoing circular debt settlement plan, according to a company disclosure to the Pakistan Stock Exchange.
The payments are being made in twelve equal monthly installments of Rs. 7.725 billion each, with the process having started in July 2025
The total interest amount to be repaid under this arrangement is Rs. 92 billion. The latest payment marks the fifth tranche received by OGDCL.
OGDCL said the settlement is being carried out under a government-approved mechanism.
OGDCL is Pakistan’s leading oil and gas exploration and production company, and the regular receipt of these payments is expected to support its financial stability and ongoing operations.
