External broker reports(aggregated public sources), Topline Securities

Topline Securities

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>In a notice to exchange, Oil &amp; Gas Development Company (OGDC) has informed that Government has approved payment of Rs82bn, representing the principal amount of the Company's investment in privately placed Term Finance Certificates (TFCs) issued by Power Holding (Private) Limited (PHL).</li><li>Further, the Government has also approved repayment of interest of Rs92bn in twelve equal instalments commencing from Jul-2025.</li><li>However as part of settlement, OGDC has agreed to waive off Rs72bn on account of liquidated damages (LDs) on the directives of Government.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In a notice to exchange, Oil &amp; Gas Development Company (OGDC) has informed that Government has approved payment of Rs82bn, representing the principal amount of the Company's investment in privately placed Term Finance Certificates (TFCs) issued by Power Holding (Private) Limited (PHL).Further, the Government has also approved repayment of interest of Rs92bn in twelve equal instalments commencing from Jul-2025.However as part of settlement, OGDC has agreed to waive off Rs72bn on account of liquidated damages (LDs) on the directives of Government.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Topline Flash Note: OGDC: Government Approved Rs82bn Payment of OGDC – BUY Stance Maintained