Security Leasing revival on track

MG News | September 25, 2025 at 03:21 PM GMT+05:00

0:00

September 25, 2025 (MLN): Security Leasing Corporation Limited (SLCL) has made "substantial progress" in its efforts to restructure the company and settle outstanding debts with creditors.

In a progress report sent to the Pakistan Stock Exchange (PSX), the company's secretary stated that the positive developments are the result of the management's focused approach and ongoing cooperation with the PSX.

The letter, dated September 25, 2025, was in response to a PSX inquiry from September 19, 2025.

The report highlighted that discussions with several creditors are "actively ongoing" and that the company is "optimistic" that further agreements will be reached in the near future.

While the company is in the process of concluding a specific settlement, no further details were provided, with the company promising to share more information "in due course."

SLCL noted that the outcomes of these initiatives, along with the broader restructuring efforts, will be clearly reflected in the company's upcoming annual financial statements.

The company has been working to revive its operations and address its financial liabilities, and this report indicates a positive step forward in that process.

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