Ministry of Finance directs SME Bank to initiate SME Leasing's liquidation

MG News | February 22, 2024 at 11:51 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

February 22, 2024 (MLN): The Ministry of Finance has advised SME Bank Limited to proceed with the liquidation of SME Leasing Limited (PSX: SLL) alongside SME Bank's own liquidation, according to a notice issued by SLL today.

This response from the Ministry of Finance follows SME Bank's request for guidance and a suitable solution or decision.

To note, SME Leasing Limited was incorporated in Pakistan on July 12, 2002, as an unlisted public company.

The company is a subsidiary of SME Bank Limited and its core objective is to extend lease and working capital financing facilities to small and medium enterprises in the country.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,636.85 149.85M	-0.78% -1332.47
ALLSHR	102,097.08 546.07M	-0.77% -795.55
KSE30	50,262.67 54.80M	-0.75% -381.59
KMI30	241,515.75 50.02M	-0.86% -2092.75
KMIALLSHR	66,137.02 252.98M	-0.78% -518.68
BKTi	46,890.48 12.29M	-0.52% -245.51
OGTi	34,227.32 5.31M	-1.41% -489.06

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	85,080.00	85,080.00 83,395.00	1155.00 1.38%
BRENT CRUDE	101.18	101.88 96.55	3.15 3.21%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.65 0.51%
ROTTERDAM COAL MONTHLY	143.50	144.00 142.95	1.25 0.88%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	91.99	92.97 88.79	1.57 1.74%
SUGAR #11 WORLD	18.96	19.05 18.55	0.35 1.88%