SLCL signals revival with credit settlements underway

MG News | July 17, 2025 at 02:52 PM GMT+05:00

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July 17, 2025 (MLN): Security Leasing Corporation Limited (PSX: SLCL) has shared a promising update on its ongoing restructuring and revival strategy, which is a potential turnaround for the company after months of financial uncertainty.

In a Progress Report issued in response to an inquiry letter by the Pakistan Stock Exchange (PSX), SLCL outlined its substantial progress in settling liabilities and advancing negotiations with key creditors.

The company revealed that several settlement discussions are actively underway, with additional agreements expected soon.

Management emphasized that these efforts reflect a focused and strategic approach, with results to be captured in the firm’s upcoming annual financial statements.

While details of a separate settlement are yet to be disclosed, the company reassured stakeholders that continued communication would follow.

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