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On January 1, 2026, Oil and Gas Development Company Ltd (OGDCL) announced the further receipt of Rs 8.3 Billion from Uch Power (Private) Limited. This payment was towards the settlement of outstanding receivables as part of a circular debt settlement, in continuation of an earlier announcement dated December 11, 2025.
| Date | 2 Jan 2026 |
| Time | 07:00:02 |
| Category | Corporate updates |
| ID | 3664N |
CS04-08 (PSX/LSE/SECP)/1
January 01, 2026
|
The General Manager, Pakistan Stock Exchange Limited, Stock Exchange Road, |
London Stock Exchange Plc., 10 Paternoster Square, London EC4M 7LS.
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.