OGDCL receives Rs7.725 billion as 10th TFC interest payment under circular debt plan

Oil and Gas Development Company Limited (OGDCL) has received Rs7.725 billion as the 10th interest instalment under Term Finance Certificates issued by Power Holding (Private) Limited, as part of the government’s circular debt settlement plan.

In a disclosure to the Pakistan Stock Exchange on Friday, the energy giant said the payment represents one of twelve equal monthly instalments being made under a mechanism approved by the Government of Pakistan.

The total interest amount of Rs92 billion is scheduled to be repaid in twelve equal instalments starting from July 2025.

The company said the receipt of the latest instalment indicates continued implementation of the government’s plan to reduce circular debt in the energy sector.