Karachi: Nishat Power Limited announced on March 28, 2025, that it has received payment for outstanding receivables from the Central Power Purchasing Agency (Guarantee) Limited, as stipulated in a previously executed Amendment Agreement with the Government of the Islamic Republic of Pakistan and CPPA.
The announcement follows Nishat Power Limited’s previous disclosures on December 4, 2024, and February 18, 2025, pertaining to the financial arrangements with the government entities. These agreements are structured under the regulatory framework of Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations.
According to information available from the Pakistan Stock Exchange (PSX), the payment was part of an agreement aimed at clearing outstanding debts owed to the company. This financial transaction reflects compliance with the amendment agreement terms and is intended to be communicated to the TRE Certificate Holders of the Exchange.
Nishat Power Limited is categorized within the designated market segment in the energy sector, and this financial update marks a significant development in the company’s ongoing operations and financial health.