OGDCL disclosed that the latest installment was received from Power Holding Private Limited (PHL) as part of the government-approved mechanism aimed at reducing circular debt. The total interest amount of Rs. 92 billion is being repaid in twelve equal monthly installments, with the first installment having commenced in July 2025. The receipt of this payment indicates continued progress in the government's initiative to improve liquidity within the energy sector, which has been significantly impacted by unpaid dues from power producers and gas companies.
BUSINESSPublished 24 Apr 2026 • Published 15h ago
OGDCL Receives Rs. 7.725 Billion in Circular Debt Payments
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On April 24, 2026, Oil and Gas Development Company Limited (OGDCL) received its tenth installment of Rs. 7.725 billion under the government's circular debt settlement plan. This payment is part of a total interest repayment of Rs. 92 billion scheduled to be completed in twelve equal monthly installments starting from July 2025. The ongoing payments reflect the government's efforts to address circular debt in the energy sector.
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