Karachi: Habib Insurance Company Limited has announced the dispatch and crediting of remaining bonus shares to its entitled shareholders. This development comes as part of compliance with Section 236Z of the Income Tax Ordinance, 2001, following the submission of necessary tax documentation by shareholders.

The company, in a report dated October 5, 2026, confirmed that the bonus shares previously withheld due to withholding tax liabilities have now been allocated to those shareholders who provided the required evidence of tax payments within the stipulated period. This action ensures that shareholders who met the obligations outlined under the tax ordinance receive their due shares.

According to information available from the Pakistan Stock Exchange (PSX), this adjustment marks a significant administrative step for Habib Insurance Company Limited, as it completes the distribution of bonus shares initially withheld under tax provisions. The Pakistan Stock Exchange is closely monitoring such developments to ensure compliance with financial regulations.

This distribution follows a structured process mandated by the tax ordinance, reflecting the company's adherence to regulatory requirements and its commitment to its shareholders. The bonus shares allocation is a critical component of shareholder returns and equity management for Habib Insurance Company Limited.