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

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

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	161,908.89 175.27M	-0.55% -894.27
ALLSHR	98,283.00 624.44M	-0.58% -569.42
KSE30	49,135.77 79.86M	-0.73% -361.58
KMI30	232,155.65 56.54M	-1.01% -2363.37
KMIALLSHR	64,024.73 251.28M	-0.75% -485.42
BKTi	45,250.28 29.77M	-0.98% -449.46
OGTi	31,156.95 3.41M	-1.11% -349.34

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	104,735.00	107,770.00 104,515.00	-2335.00 -2.18%
BRENT CRUDE	64.27	64.80 64.26	-0.62 -0.96%
RICHARDS BAY COAL MONTHLY	86.00	0.00 0.00	0.30 0.35%
ROTTERDAM COAL MONTHLY	96.80	0.00 0.00	0.55 0.57%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.45	61.03 60.43	-0.60 -0.98%
SUGAR #11 WORLD	14.68	14.73 14.36	0.25 1.73%