Oil & Gas Development Company Limited (OGDCL) has received the third installment of Rs 7.725 billion from Power Holding (Private) Limited (PHL) as part of the government’s approved circular debt settlement mechanism.
This installment is one of twelve equal monthly payments to be made under the settlement plan.
The total interest amount of Rs 92 billion is scheduled to be repaid in twelve monthly installments, which commenced in July 2025.
The receipt of this third installment signifies continued progress in the Government of Pakistan’s (GoP) initiative to address circular debt in the energy sector, a critical issue affecting Pakistan’s energy infrastructure.
The payment is part of the broader efforts to manage and resolve the significant circular debt crisis in Pakistan’s power sector, which has seen payments extended to various stakeholders involved in energy production and distribution.
This information has been submitted by OGDCL in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of PSX Regulations for dissemination to members.
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