Oil and Gas Development Company Limited (OGDCL) has received the ninth installment of interest payments from Power Holding Limited (PHL) under the Government of Pakistan’s circular debt settlement plan, the company announced on Wednesday.
The payment, amounting to Rs. 7.725 billion, is part of a total interest of Rs. 92 billion to be repaid in twelve equal monthly installments, which began in July 2025.
OGDCL said the receipt of this installment reflects continued progress under the government-approved mechanism aimed at resolving the long-standing circular debt issue in the energy sector.
The circular debt problem, which has affected Pakistan’s power sector for years, arises from delays in payments between power producers, distributors, and fuel suppliers.
The government’s settlement plan, including these structured interest repayments, is seen as a key step toward stabilizing the sector and ensuring timely financial flows among energy companies.
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