REG - Oil and Gas Devt Co - RECEIPT OF RS 8.3 BILLION FROM UCH POWER PVT LTD

Oil And Gas Development CoAnnouncement

02/01/2026 07:00

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RNS Number : 3664N  Oil and Gas Development Company Ltd  01 January 2026

 

 

 

 

 

CS04-08 (PSX/LSE/SECP)/1

January 01, 2026

 

 The General Manager,               London Stock Exchange Plc.,

 Pakistan Stock Exchange Limited,   10 Paternoster Square,

Stock Exchange Building,

                                  London EC4M 7LS.
 Stock Exchange Road,

Karachi-74000, Pakistan.

                                    Tel: (44) 20 7334 8907

 

Subject: RECEIPT OF RS 8.3 BILLION FROM UCH POWER (PRIVATE) LIMITED

 

Dear Sir,

In continuation of our earlier announcement dated December 11, 2025, we are
pleased to inform that, as part of the circular debt settlement, OGDCL has
further received Rs 8.3 Billion from Uch Power (Private) Limited towards
settlement of outstanding receivables. This receipt reflects Government of
Pakistan's initiative to address circular debt in the energy sector.

The above information is submitted in compliance of Section 96 of the
Securities Act, 2015 and Clause 5.6.1(a) of PSX Regulations, for dissemination
amongst your members please.

 

Yours Sincerely,

 

 (Wasim Ahmad)

Company Secretary

 

 
 

 

Copy:

 

Executive Director/HOD,

Offsite-II Department, Supervision Division,

Securities & Exchange Commission of Pakistan,63,

NIC Building, Jinnah Avenue, Blue Area,

Islamabad.

 

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