ISLAMABAD: OGDCL has pocketed the fifth Rs7.725 billion tranche from Power Holding (PHL) under the government’s circular debt cleanup, the E&P giant informed the Pakistan Stock Exchange (PSX) today. The company confirmed the Rs92 billion interest will be cleared in 12 equal monthly hits starting July 2025 — this latest payout proves the settlement machine is rolling. Last June, the government greenlit Rs82 billion principal repayment for OGDCL’s PPTFC investment in PHL, plus the Rs92 billion interest now being paid monthly. OGDCL, born Oct 23, 1997 under the Companies Act, took over the legacy of 1961’s Oil & Gas Development Corporation to hunt and pump Pakistan’s hydrocarbons.
.jpg)
This website has been developed with good faith to create facilities for the people.Your ID Password and access to our website is for a specific period or temporary, it may be suspended at any time without telling any reason.Your ID Password or access does not create any your rights or liability onto owner of the website.
Office # 3-6, Ground Floor Idrees Chamber ,Talpur Road Karachi
info@taxhelplines.com.pk
+ 92 314-4062161
021-32462161
+ 92 305-2561915