SLCL sees progress in reviving operations

MG News | January 03, 2025 at 01:24 PM GMT+05:00

0:00

January 03, 2025 (MLN): Security Leasing Corporation Limited (PSX: SLCL) has reported significant progress in its efforts to revive and enhance the company's operations concerning Letters of Credit (LCs).

“The management has made good progress in the revival and revamping of SLCL and settlement of creditor's liabilities”, the report reads.

In the previous letter, it was mentioned that a settlement had already been reached with Soneri Bank Ltd (PSX: SNBL).

Currently, negotiations with other creditors are ongoing, and the management is confident that they will be able to settle with additional creditors soon.

The results of these settlements, along with other efforts, will be reflected in the company’s next Annual Accounts.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,115.82 431.76M	-1.03% -1778.46
ALLSHR	102,630.82 1,022.40M	-0.72% -743.98
KSE30	51,478.54 123.81M	-1.23% -641.56
KMI30	245,731.79 184.52M	-1.22% -3035.83
KMIALLSHR	66,650.32 595.11M	-0.81% -541.20
BKTi	47,279.59 41.00M	-1.38% -660.98
OGTi	35,704.94 10.73M	-1.65% -598.06

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,390.00	0.00 0.00	5.00 0.01%
BRENT CRUDE	100.25	102.92 99.55	0.19 0.19%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-3.30 -2.91%
ROTTERDAM COAL MONTHLY	107.10	107.75 106.20	2.10 2.00%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	94.68	0.00 0.00	-0.74 -0.78%
SUGAR #11 WORLD	14.69	14.75 14.46	0.15 1.03%