License extension of SPLC does not affect “Cancelled” status as an NBFC

MG News | February 11, 2022 at 03:41 PM GMT+05:00

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February 11, 2022 (MLN): Saudi Pak Leasing Company Limited (SPLC) has clarified that the time allowed by the SECP up to June 30, 2022, is only with respect to the company's separate request for restoration of the license and this extension does not affect the "Cancelled" status of the company's license as an NBFC.

On February 09, 2022, the company informed that SECP had granted an extension in the license of SPLC up to June 30, 2022, to comply with the MER requirement under section 28 (J) (3).

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