Islamabad: Oil & Gas Development Company Limited (OGDCL) has successfully received a substantial payment of Rs 8.30 billion from Uch Power (Private) Limited. This transaction marks a significant development in the ongoing efforts to address the circular debt issue within Pakistan’s energy sector. The payment is part of a broader settlement process that the Government of Pakistan has initiated to alleviate financial constraints in the sector.

The announcement, dated January 1, 2026, follows an earlier communication on December 11, 2025, where OGDCL had outlined the ongoing measures to recover outstanding receivables. The receipt of Rs 8.30 billion underscores the progress being made in these efforts.

According to information available from the Pakistan Stock Exchange (PSX), this transaction has been conducted in compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of PSX Regulations. This compliance ensures that the information is disseminated appropriately among market participants.

The successful receipt of funds from Uch Power (Private) Limited is a testament to the collaborative efforts between the public and private sectors to tackle the pervasive circular debt issue. This particular settlement is expected to have a positive impact on the financial health of the energy sector, contributing to greater stability and efficiency in operations.