Oil and Gas Development Company Limited (OGDCL) has announced that it has received the fifth monthly interest installment from Power Holding (Private) Limited (PHL) as part of the government’s circular debt settlement plan.
The disclosure was shared with the Pakistan Stock Exchange in compliance with Section 96 of the Securities Act 2015.
According to the notice, OGDCL reported that it has received Rs7.725 billion, which is one of the twelve equal monthly installments approved by the government. The company stated, “OGDCL has received the fifth installment, being one of twelve equal monthly installments of Rs7.725 billion, as interest payment from Power Holding (Private) Limited.”
The repayment schedule began in July 2025 under a mechanism approved by the Government of Pakistan. OGDCL said the total interest amount due from PHL stands at Rs92 billion, to be cleared through monthly payments over a one-year period. The notice added that the latest payment, “reflects continued progress under the GOP’s initiative to address circular debt in the energy sector.”
Discover more from Brackly News
Subscribe to get the latest posts sent to your email.
