Oil and Gas Development Company Limited (PSX: OGDC) has received the first interest payment of Rs. 7.725 billion from Power Holding (Private) Limited (PHL), marking the beginning of the government-approved circular debt settlement plan.
According to a stock filing, the payment is the first of twelve equal monthly installments totaling Rs. 92 billion in interest and is scheduled to be repaid starting July 2025.
The company said the payment reflects progress under the Government of Pakistan’s initiative to resolve mounting circular debt in the energy sector.
Use all this money to dig new wells of oil and gas in the country specially in KPK, BLOUCHISTAN AND SINDH.
It will bring extra income then from your gains return this money to government bcz Allah and his messenger pbuh bars interest on money.
Priority of digging in blouchistan sindh and kpk is to produce more job and economic and development oppertunities in these regions so that youth cant go into hands of evil doers.
Each transaction should be transparent and should be available for public review without any hindrance.
Alhamdolilah