Karachi: Pakistan Petroleum Limited (PPL) has officially announced a final cash dividend for the fiscal year ending June 30, 2026. The declaration was made following a meeting of the company's Board of Directors held on September 14, 2026. Subject to shareholder approval at the upcoming Annual General Meeting scheduled for October 27, 2026, the final cash dividend will be distributed at Rs. 6.00 per share, representing a 60% payout on Ordinary Shares.

This final cash dividend is in addition to the interim dividends already disbursed during the year, which included Rs. 6.00 per share (60%) on Ordinary Shares and Rs. 3.00 per share (30%) on Convertible Preference Shares. According to information available from the Pakistan Stock Exchange (PSX), the dividend will be paid to shareholders whose names are recorded in the company’s Register of Members by the close of business on October 20, 2026.

The company's Share Transfer Books will be closed from October 21, 2026, to October 27, 2026, inclusive. Shareholders are urged to ensure their details are updated in the Active Tax Payer List (ATL) to benefit from a reduced withholding tax rate of 15%, compared to 30% for those not listed as active taxpayers. The ATL is accessible on the Federal Board of Revenue’s website.

To facilitate the process, corporate members with CDC accounts must provide their National Tax Number (NTN) to the concerned participants, while those holding share certificates should submit a copy of their NTN certificates along with their company's name and folio numbers to Messrs. FAMCO Share Registration Services (Pvt.) Limited.

The company has also clarified the tax treatment for joint shareholdings, stating that tax will be deducted based on individual shareholder status in joint accounts, treating them as filers or non-filers accordingly.