Islamabad: Pakistan Oilfields Limited has announced the electronic transfer of interim cash dividends to its shareholders, marking a significant development in the company's financial operations. The dividend, amounting to Rs. 25.00 per share or 250% of the share value, pertains to the fiscal year ending on June 30, 2025, and was transferred on February 19, 2025, via the company's paying agent, Bank Alfalah Limited.

The initiative aligns with efforts to streamline financial services for investors. In conjunction with this, the Central Depository Company (CDC) has introduced an e-Dividend Repository Portal. This internet-based portal is accessible to all shareholders, regardless of whether they hold shares physically or through the CDC. The portal aims to consolidate dividend-related data, providing shareholders with a comprehensive view of cash dividends credited to their bank accounts.

According to information available from the Pakistan Stock Exchange (PSX), the CDC's e-Dividend repository will also include details such as dividend rates, net dividend paid, and any tax or zakat deductions. This transparency is designed to assist shareholders in managing their finances and facilitate the filing of tax returns.

The company has also indicated that dividend payments have been withheld for shareholders who have not submitted valid bank account details or identification numbers. This action is in compliance with Regulation 6 of the Companies (Distribution of Dividend) Regulations, 2017. The withheld dividends will be processed in accordance with the relevant laws and regulations. Shareholders can access the e-Dividend repository portal through the link provided by the CDC: "http://eservices.cdcaccess.com.pk".

This development is categorized under the designated market category for financial services within the region.