OGDC receives sixth interest payment under TFCs

Oil & Gas Development Company Limited (PSX:OGDC) has received the sixth monthly interest payment under the Term Finance Certificates (TFCs) issued by Power Holding (Private) Limited (PHL) as part of the government-approved circular debt settlement mechanism.

The installment amounts to Rs 7.725 billion and is one of twelve equal monthly payments against a total interest obligation of Rs 92bn, according to the company’s statement issued today.

The repayments are being made in line with the framework approved by the Government of Pakistan to address circular debt in the energy sector.

Interest payments under the plan are scheduled over a twelve-month period beginning in July 2025.

Receipt of the sixth installment marks continued progress in the implementation of the settlement initiative.