Karachi: Oil and Gas Development Company Limited (OGDCL) has announced the receipt of the ninth interest payment installment from Power Holding (Private) Limited (PHL), under the Government of Pakistan’s circular debt settlement plan. The payment, amounting to Rs 7.725 billion, is part of a series of twelve equal monthly installments aimed at addressing the ongoing circular debt issues within the energy sector.
Dated March 25, 2026, this installment forms part of a total interest payment of Rs 92 billion, which began disbursement in July 2025. OGDCL’s receipt of the ninth installment underscores the continued implementation of the government-approved mechanism to alleviate financial strains in the energy market.
According to information available from the Pakistan Stock Exchange (PSX), the transaction is significant within the designated market category, reflecting ongoing efforts to stabilize the financial health of energy-related entities through structured debt repayments.
The disclosure of this financial progress is in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of PSX Regulations, ensuring transparency and informed dissemination among market participants.