Security Leasing Corporation Limited (SLCL) is continuing efforts to resolve its outstanding financial obligations as negotiations with creditors move closer to completion, according to a disclosure submitted to the Pakistan Stock Exchange (PSX). The company said it has already settled dues with some creditors and remains engaged in negotiations with others, with several of the remaining discussions now at an advanced stage. The developments form part of management’s broader efforts to address outstanding matters and work toward the revival of the company.
The company disclosed the update in response to a letter issued by PSX on October 6, 2026. In its response to PSX Letter No. PSX/Gen 1182, SLCL said it was continuing to work on settling amounts owed to its creditors. The company’s latest communication provides an update on the status of those efforts while indicating that negotiations with several creditors are progressing. SLCL said management remains engaged in the process as it seeks to complete the remaining settlements and resolve its outstanding obligations.
A key development in the company’s recovery efforts is an expected payment from one of its debtors. According to SLCL, the debtor is expected to pay a substantial amount over the next few days. The company said the expected funds would support the settlement of its outstanding dues and help it continue its revival efforts. The anticipated recovery is therefore an important part of the company’s current efforts to improve its financial position and meet obligations to creditors.
SLCL said management is regularly following up on both the remaining creditor settlements and recoveries from debtors. The company has indicated that these activities remain ongoing, with management monitoring progress as it works to bring the outstanding matters toward resolution. The settlements already completed and the negotiations that are close to completion are expected to contribute to the company’s broader plan for addressing its financial position and creating a path toward revival.
The company also said that the financial impact and outcomes of the settlement and recovery process will be reflected in its next annual financial statements. This will provide shareholders and other market participants with a formal record of the developments once the relevant transactions and recoveries have been accounted for in the company’s financial reporting. Until then, the company continues to work through its creditor negotiations and outstanding recoveries.
SLCL has also committed to keeping the Pakistan Stock Exchange informed about any material development. The latest disclosure was issued following the exchange’s October 6 letter and represents the company’s current update on creditor settlements, recoveries and its revival efforts. The company’s shares were quoted at Rs1.00 on October 7, 2026, unchanged on the day.
The progress on creditor negotiations comes as SLCL attempts to resolve financial matters that have remained relevant to its corporate position. The company’s approach involves a combination of settling obligations with creditors, recovering amounts due from debtors and maintaining discussions with stakeholders. The expected payment from a debtor could provide additional funds for meeting liabilities, while the completion of remaining creditor negotiations would further clarify the company’s outstanding obligations.
For shareholders and market participants, the next annual financial statements and subsequent corporate disclosures are expected to provide further visibility into the outcome of the settlements and recoveries. Until those developments are finalized, SLCL’s latest communication indicates that negotiations are continuing, several settlements are nearing completion and management remains focused on resolving outstanding dues as part of its efforts to revive the company.
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