OGDCL Receives Rs7.7B Dues
Oil and Gas Development Company Limited (OGDC) has confirmed receiving its third interest instalment of Rs7.73 billion from Power Holding Private Limited.
The company disclosed the payment in a notice to the Pakistan Stock Exchange, stating that repayments are progressing under the government’s circular debt settlement plan.
The total interest amount stands at Rs92 billion, which the government approved for repayment in twelve equal instalments starting from July 2025.
OGDC said the instalments, each worth Rs7.73 billion, demonstrate steady implementation of the debt settlement mechanism aimed at stabilising the country’s struggling energy sector.
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The energy firm earlier received its second instalment of Rs7.73 billion last month, showing the government’s consistent efforts to reduce circular debt pressures.
As part of the settlement plan, OGDC had already secured Rs82 billion last year, covering the principal investment in finance certificates issued by PHL.
In return, the company waived Rs72 billion in liquidated damages, following government directives intended to support resolution of longstanding energy sector liabilities.
Established in 1997, OGDC is Pakistan’s largest exploration and production company, with operations spanning oil and gas exploration, development, and production activities nationwide.
