Karachi: Habib Insurance Company Limited has officially notified the Pakistan Stock Exchange (PSX) of significant technical disruptions affecting its email communication channels. According to information available from the Pakistan Stock Exchange (PSX), the disclosure, dated October 28, 2024, adheres to the regulatory requirements under sections 96 and 131 of the Securities Act, 2015, and clause 5.6.1(a) of the Rule Book of Pakistan.

The company has experienced a halt in both sending and receiving emails across its internal and external networks, attributed to issues with its cloud service provider. Habib Insurance is actively engaging with their service provider to resolve the matter and has lodged a formal complaint. In the interim, they are committed to keeping all relevant stakeholders, including TRE Certificate Holders, informed as they navigate through the technical difficulties.

This disruption highlights the challenges firms face with digital infrastructure and the importance of timely communication to shareholders and regulatory bodies in maintaining transparency and compliance with market regulations.