Oil & Gas Development Company Limited (OGDCL) has announced the receipt of its third interest payment installment from Power Holding (Private) Limited (PHL), marking continued progress in the government’s circular debt settlement plan for the energy sector.
According to a notice sent to the Pakistan Stock Exchange (PSX) and London Stock Exchange (LSE) on September 30, OGDCL confirmed it has received Rs. 7.725 billion as the third of twelve equal monthly installments.
The payments are part of a government-approved mechanism to clear outstanding interest on Term Finance Certificates (TFCs) issued by PHL.
The total interest amounting to Rs. 92 billion is scheduled to be repaid in twelve monthly installments, which began in July 2025.
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