Oil and Gas Development Company Limited has received Rs. 7.725 billion from Power Holding Private Limited, marking the eighth monthly interest payment under the government’s circular debt settlement plan.
The company disclosed the development in a notice to the Pakistan Stock Exchange, stating that the interest payments are part of a structured repayment plan.
Under the agreement, a total interest amount of Rs. 92 billion is being repaid in twelve equal monthly installments starting from July 2025. The latest payment follows the seventh installment received in January 2026.
The circular debt settlement plan was approved by the government in 2024 to address outstanding liabilities in the energy chain.
As part of the plan, OGDCL is also receiving Rs. 82 billion as repayment of the principal amount invested in term finance certificates issued by Power Holding Private Limited.
The initiative is aimed at improving liquidity across the energy sector and reducing financial stress on state owned entities.
OGDCL is Pakistan’s largest exploration and production company, engaged in the exploration, development and production of oil and gas resources across the country.
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.