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KARACHI/LONDON - Oil and Gas Development Company Limited (OGDCL) announced Friday it has received the fourth installment of Rs 7.725 billion as interest payment from Power Holding Limited (PHL), continuing the implementation of Pakistan’s circular debt settlement plan.
The payment represents the fourth of twelve equal monthly installments that began in July 2025, according to a company statement. The installments are part of a total interest amount of Rs 92 billion to be repaid under a mechanism approved by the Government of Pakistan.
OGDCL had previously disclosed that the payments would be made in equal monthly tranches as part of government efforts to address circular debt issues in Pakistan’s energy sector.
The company made the announcement in a regulatory filing to both the Pakistan Stock Exchange and the London Stock Exchange in compliance with Section 96 of the Securities Act, 2015 and PSX Regulations.
The information was shared in a press release statement signed by OGDCL Company Secretary Wasim Ahmad.
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