OGDC receives Rs7.7bn circular debt payment
MG News | May 25, 2026 at 02:56 PM GMT+05:00
May 25, 2026 (MLN): Oil & Gas Development Company Limited received Rs7.725bn from Power Holding (Private) Limited (PHL) as the eleventh installment of interest payment under the government-approved circular debt settlement mechanism.
The payment is part of the total Rs92bn interest amount
scheduled to be repaid in twelve equal monthly installments starting from July
2025, according to the company’s filing
on PSX revealed today.
The latest payment marks continued progress in the government’s plan to address circular debt in the energy sector.
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