Habib Rice Products Limited has obtained an unsecured loan of $500,000 from its major shareholder, Gaffar A. Habib, to strengthen its working capital position.

In a notice filed with the Pakistan Stock Exchange (PSX), the company said the financing will help meet its operational funding requirements and support ongoing business activities.

The company said the loan has been extended by its major shareholder without any collateral, providing additional liquidity to finance day-to-day operations.

Habib Rice added that the transaction has been carried out in accordance with applicable corporate and regulatory requirements.

The company did not disclose the repayment timeline or any other terms and conditions of the loan in its stock exchange filing.