Lahore: Pakgen Power Limited has disclosed the receipt of Rs 10.90 billion from the Central Power Purchasing Agency Guarantee Limited (CPPA-G) under a Negotiated Settlement Agreement (NSA), with an additional Rs 964 million expected by April 30, 2025. This information was disclosed in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations.

The disclosure, dated March 28, 2025, outlines the financial transaction as part of a broader settlement framework. According to information available from the Pakistan Stock Exchange (PSX), this transaction is part of the ongoing financial arrangements between Pakgen Power Limited and CPPA-G. The agreement stipulates the terms under which the payment was made, with the remaining amount set to be cleared by the end of April 2025.

Pakgen Power Limited, registered at Nishat House, 53-A, Lawrence Road, Lahore, is a key player in Pakistan’s power sector. The company’s secretary, Mr. Khalid Mahmood Chohan, is listed as the primary contact for further information regarding the disclosure.

This financial development is of significant interest to the designated market category, as it reflects ongoing efforts to settle dues and streamline financial operations between power producers and purchasing agencies in Pakistan. The settlement represents a crucial step in resolving outstanding financial obligations under the NSA framework.