Islamabad: In a significant development towards alleviating the circular debt crisis in Pakistan's energy sector, the Oil and Gas Development Company Limited (OGDCL) has secured the third installment of interest payment from Power Holding (Private) Limited (PHL). This payment, amounting to Rs 7.725 billion, is part of a series of twelve equal monthly installments under a government-approved framework.

This installment is a crucial step in the larger scheme to repay the total interest amount of Rs 92 billion, a plan that was initiated in July 2025. The disbursement underlines the Government of Pakistan's (GOP) commitment to resolving the longstanding issue of circular debt, which has plagued the nation’s power sector.

The dissemination of this information complies with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Regulations, ensuring transparency and keeping stakeholders informed about ongoing financial transactions aimed at stabilizing the energy landscape.