Ogdc Commits $25 Million To Reko Diq Project In Pakistan

In a recent corporate briefing, the Oil and Gas Development Company Limited (OGDC) reaffirmed its commitment to the Reko Diq project with a significant investment of $25 million, part of a larger $75 million investment by Pakistan Minerals Private Limited (PMPL) this quarter. The management stated that production remains on track for 2028, emphasizing, "No delays are expected so far as work at the mine is still ongoing." Additionally, OGDC has received its eighth consecutive monthly interest payment of Rs7.725 billion from Power Holding (Private) Limited under the government's circular debt settlement plan, reflecting continued progress in addressing circular debt in the energy sector. This payment is part of a total interest repayment of Rs92 billion to be completed in twelve equal monthly installments starting from July 2025.