OGDC receives 8th TFC interest installment

MG News | February 25, 2026 at 12:09 PM GMT+05:00

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February 25, 2026 (MLN): Oil and Gas Development Company Limited (PSX: OGDC) has received the eighth monthly interest payment of Rs7.725 billion under its Term Finance Certificates (TFCs) from Power Holding Limited, the company announced in a regulatory filing.

The payment is part of a twelve-month installment plan totaling Rs92 billion, approved by the Government of Pakistan, aimed at settling the longstanding circular debt in the energy sector.

The repayments, which began in July 2025, follow a government-backed mechanism designed to restore financial stability among power producers and upstream companies.

According to OGDCL, the receipt of this installment highlights steady progress in the government’s circular debt resolution initiative, ensuring regular interest flows to certificate holders.

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