Karachi: Oil & Gas Development Company Limited (OGDCL) announced the receipt of the seventh installment in its ongoing circular debt settlement plan, marking a continued effort to alleviate financial pressures within the energy sector. The payment, amounting to Rs 7.725 billion, represents one of twelve equal monthly installments from Power Holding (Private) Limited (PHL), as part of an interest payment agreement facilitated by the Government of Pakistan.

The payment is part of a total interest amount of Rs 92 billion, which is scheduled to be repaid over a period of twelve months. The installments began in July 2025, with this recent transaction indicating sustained progress in the Government’s strategy to manage and clear circular debt in the energy sector. The initiative is part of a broader economic plan aimed at stabilizing the market and ensuring the financial health of key stakeholders.

According to information available from the Pakistan Stock Exchange (PSX), this installment is part of a structured repayment mechanism that adheres to regulatory requirements outlined in Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Regulations. This ensures transparency and accountability in financial dealings and supports the dissemination of pertinent information among market participants.

The ongoing receipt of these payments underscores the Government’s commitment to resolving longstanding financial challenges within the energy sector, providing needed liquidity and stability to companies involved. The structured repayment plan is an essential component of the broader fiscal management strategy, aiming to foster confidence among investors and stakeholders in the nation’s economic framework.