FCEL says it is negotiating with creditors, considering real estate projects

MG News | July 06, 2026 at 02:38 PM GMT+05:00

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July 06, 2026 (MLN): First Capital Equities Limited (PSX: FCEL), in its progress report submitted to the Pakistan Stock Exchange (PSX), said it is negotiating with secured creditors and financial institutions to settle its overdue financial obligations on favorable terms.

The company said resolving its outstanding liabilities is a key step before implementing its revised business strategy.

FCEL further stated in its progress report that it is evaluating various strategic options as part of its future business plan, including real estate projects.

The company added that once a settlement is reached with financial institutions, it will move forward with implementing its revised business plans.

FCEL also said it will keep the PSX updated and make the necessary disclosures in compliance with applicable laws and exchange regulations as material developments occur.

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