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.

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