The Oil and Gas Development Company Limited (OGDCL) has announced the recovery of its third interest payment installment from the Power Holding (Private) Limited (PHL), identifying continuous progress in the government’s circular loan settlement project for the energy sector.
According to a notice sent to the Pakistan Stock Exchange (PSX) and the London Stock Exchange (LSE) on September 30, the OGDCL confirmed that it had received Rs. Twelve equal monthly installments 7.725 billion.
Payment is part of a government -approved mechanism to clear the outstanding interest on the Term Finance Certificate (TFC) issued by PHL.
Total interest RS. 92 billion should be paid in twelve monthly installments starting in July 2025.