Habib Rice to obtain $500,000 interest-free loan from sponsor shareholder
Financing from Gaffar A. Habib will support working capital and be repaid in rupees at the exchange rate prevailing on the repayment date
Habib Rice Products Limited has approved an unsecured, interest-free loan of $500,000 from its sponsor shareholder, Gaffar A. Habib, to meet working capital requirements.
In a notice to the Pakistan Stock Exchange dated July 14, 2026, the company said its board had approved the financing at a meeting held the same day.
The dollar-denominated loan will be converted into Pakistani rupees at the exchange rate prevailing on the date of disbursement.
Habib Rice said the facility would be repayable at the lender’s request with the mutual consent of both parties, subject to the company having sufficient cash flows at the time.
The repayment will also be made in Pakistani rupees, using the US dollar-rupee exchange rate prevailing on the actual repayment date.
The company said the financing would strengthen its liquidity position and support working capital needs.
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