OGDCL Receives Rs. 7.72 Billion in 4th Interest Payment Under Circular Debt Plan

Oil & Gas Development Company Limited (OGDCL) has announced the receipt of its fourth interest payment installment from Power Holding (Private) Limited (PHL), as part of the government’s ongoing circular debt settlement plan for the energy sector. According to a notice sent to the Pakistan Stock Exchange (PSX) and London Stock Exchange (LSE) on October 24, 2025, OGDCL confirmed it has received Rs. 7.725 billion as the fourth of twelve equal monthly installments. The total interest amount of Rs. 92 billion is being repaid in monthly tranches, with the process having started in July 2025. So far OGDCL has received a total of Rs. 30.9 billion in interest payments up to now. The company said this payment reflects continued progress under the Government of Pakistan’s initiative to address circular debt in the energy sector. The settlement is being carried out under a government-approved mechanism and is seen as a positive step towards resolving longstanding financial challenges in the power and energy supply chain. 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.