Circular debt plan: OGDC receives Rs7.73bn 8th interest payment

Oil and Gas Development Company Limited (OGDCL) said on Wednesday it had received Rs7.725 billion from Power Holding (Private) Limited (PHL), its eighth consecutive monthly interest payment under the government’s circular debt settlement plan. The OGDCL disclosed in a notice to the Pakistan Stock Exchange today. The total interest amount of Rs92 billion is to be repaid in twelve equal monthly instalments, commencing July 2025, the company said. “The receipt of this instalment reflects continued progress under the GOP’s initiative to address circular debt in the energy sector.” The OGDCL had received its seventh instalment of Rs7.725 billion on January 24, 2026. In 2024, as part of the circular debt settlement plan, the government approved payment of Rs82 billion to OGDCL, representing the principal amount of the company’s investment in Privately Placed Term Finance Certificates (PPTFC) issued by PHL.