Pakistan and IMF Finalize Strict Fiscal Targets for 2026 Budget to Secure Economic Stability
Pakistan commits to a Rs2.8 trillion primary surplus and a $5.6 billion reserve boost in a landmark fiscal agreement with the IMF to stabilize the national economy.
OGDCL Secures Tenth Circular Debt Installment of Rs 7.725 Billion to Boost Energy Sector Liquidity
Oil and Gas Development Company Limited receives its tenth monthly installment under the government circular debt settlement plan improving cash flow and financial stability.
Pakistan Banking Sector Injects Rs235 Billion to Stabilize Power Sector Liquidity
Major Pakistani banks including Meezan, HBL, and NBP deploy Rs235 billion into the CPPA to manage circular debt and power sector cash flow constraints.
Power Division Reports Rs1,837 Billion Circular Debt as Operational Efficiency Improves
The Power Division clarifies that the current circular debt of 1,837 billion rupees is a temporary fluctuation, with inefficiencies declining by 48 billion rupees this fiscal year.
OGDCL Receives Ninth Interest Installment of Rs7.25 Billion Under Circular Debt Plan
Oil and Gas Development Company Limited confirms receipt of the ninth interest installment from Power Holding Limited as part of the government’s settlement plan.
IMF Rejects Pakistan’s Request to Freeze 15% Gas Levy on Captive Power
The IMF denies Pakistan’s proposal to exempt efficient industrial units from the 15% gas levy, insisting on higher costs to push industries toward the national grid.
Pakistan ECC Approves Strategic IPP Tariff Revisions to Save Billions in Energy Costs
The Economic Coordination Committee approves major tariff renegotiations with 20 power projects including wind and solar plants to reduce circular debt and consumer rates.
OGDCL Receives Rs7.73bn Seventh Installment Under Circular Debt Settlement Plan
OGDCL has received its seventh monthly interest payment of Rs7.73 billion under Pakistan’s Circular Debt Settlement Plan, raising total recoveries to nearly Rs54 billion as part of government-led energy sector reforms.
Pakistan in Talks for $36 Billion Power Sector Refinancing to Cut Electricity Tariffs
Pakistan is negotiating $36 billion in long-term financing with international lenders and Saudi Arabia to refinance power sector debt over 13 years, aiming to lower industrial electricity tariffs and manage circular debt.
VIS maintains AAA rating for OGDC with stable outlook, highlighting financial resilience and liquidity
VIS Credit Rating Company reaffirms long-term AAA and short-term A1+ ratings for Oil & Gas Development Company Limited (OGDC), underlining its financial strength, robust liquidity, and key contribution to Pakistan’s energy security and economy.