REG - Oil and Gas Devt Co - RECEIPT OF THIRD INTEREST PAYMENT UNDER TFCs

Oil And Gas Development CoAnnouncement

30/09/2025 07:00

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RNS Number : 3767B  Oil and Gas Development Company Ltd  30 September 2025

 

 

 

 

 

CS04-08 (PSX/LSE/SECP)

September 30, 2025

 

 

 The General Manager,               London Stock Exchange Plc.,

 Pakistan Stock Exchange Limited,   10 Paternoster Square,

Stock Exchange Building,

                                  London EC4M 7LS.
 Stock Exchange Road,

Karachi-74000, Pakistan.

                                    Tel: (44) 20 7334 8907

 

Subject:         RECEIPT OF THIRD INTEREST PAYMENT UNDER TERM FINANCE
CERTIFICATES (TFCs) BY POWER HOLDING LIMITED

Dear Sir,

With reference to our earlier disclosures, we are pleased to inform that, as
part of the circular debt settlement plan, OGDCL has received the third
installment, being one of twelve equal monthly installments of Rs 7.725
billion, as interest payment from Power Holding (Private) Limited (PHL),
pursuant to the Government of Pakistan (GOP) approved mechanism.

As previously disclosed, the total interest amount of Rs 92 billion is to be
repaid in twelve equal monthly installments, commencing July 2025. The receipt
of this installment reflects continued progress under the GOP's initiative to
address circular debt in the energy sector.

The above information is submitted in compliance of Section 96 of the
Securities Act, 2015 and Clause 5.6.1(a) of PSX Regulations, for dissemination
amongst your members please.

 

Yours Sincerely,

 
 
 

(Wasim Ahmad)

Company Secretary

 

 

Copy:

 

Executive Director/HOD,

Offsite-II Department, Supervision Division,

Securities & Exchange Commission of Pakistan,63,

NIC Building, Jinnah Avenue, Blue Area,

Islamabad.

 

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