Oil and Gas Development Company Limited has received another significant payment under the government’s circular debt reduction programme after Power Holding Private Limited transferred ₨7.725 billion as the eleventh monthly interest instalment. The payment forms part of an approved repayment mechanism linked to Term Finance Certificates designed to ease financial pressure across Pakistan’s struggling energy […]
Pakistan Energy Sector
Pakistan’s circular debt in energy sector rises to Rs5.2 trillion
Pakistan’s circular debt in the energy sector has climbed to Rs5,206 billion, highlighting continued financial stress in the country’s power and gas systems, according to the latest figures cited in an International Monetary Fund (IMF) report. Read More: Power sector circular debt edges up despite payments The report shows that the total circular debt includes Rs3,442 […]
Pakistan power users face higher fixed charges
Electricity bills across Pakistan have surged after the National Electric Power Regulatory Authority (NEPRA) linked fixed charges to load instead of monthly consumption. The new formula, effective January 2026, applies fixed charges based on each household’s load, replacing the previous consumption-based system. The change was approved following a federal government request to standardize charges for […]
K-Electric CEO Moonis Alvi resigns after PSX disclosure
K-Electric (KE) Chief Executive Officer (CEO) Moonis Alvi has stepped down from his position, according to a disclosure submitted to the Pakistan Stock Exchange (PSX) on February 6. The development was formally communicated to the exchange in line with regulatory requirements under the Securities Act, 2015, and the PSX Rule Book. Read More: Green light […]
OGDCL hits oil: Pasakhi-14 well starts production in Hyderabad
OGDCL has begun producing 1,100 barrels of oil per day from its Pasakhi-14 well in Hyderabad. The well is part of the company’s Pasakhi & Pasakhi North Development Lease. This milestone strengthens Pakistan’s national energy output and enhances shareholder value. The Oil and Gas Development Company Limited (OGDCL) announced the production start through a notice […]