OGDC receives Rs7.7bn interest payment from PHL

MG News | August 04, 2025 at 09:17 AM GMT+05:00

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August 04, 2025 (MLN): Marking a key milestone in Pakistan’s circular debt settlement plan for the energy sector, Oil & Gas Development Company Limited (PSX: OGDC) has received Rs7.725 billion as the first interest instalment from Power Holding (Private) Limited (PHL).

The payment was made under the Government of Pakistan’s approved mechanism, following OGDCL’s earlier disclosure dated June 27, 2024.

This marked the beginning of a twelve-month repayment schedule, with the full interest amount totaling Rs92bn.

Monthly installments are set to continue through July 2026.

OGDC emphasized that the payment reflects tangible progress on the government’s initiative to resolve long-standing financial liabilities in the energy value chain.

The funds are part of Term Finance Certificates (TFCs) issued to facilitate the restructuring of circular debt and improve liquidity for public sector entities.

All in all, this first instalment could catalyse the restoration of market confidence and encourage broader fiscal discipline.

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