KARACHI: The Board of Directors of SME Leasing Limited (PSX: SLL) has formally approved a comprehensive Winding Down Plan for the company, aimed at facilitating an orderly exit from operations, according to a stock exchange filing on Wednesday.
The plan, which includes multiple structural changes, was also endorsed by the Board of SME Bank Limited, its parent company, during a board meeting held on May 6, 2025.
Subsequently, SME Bank issued a formal letter to the Securities and Exchange Commission of Pakistan (SECP) on May 13, requesting a deferment of the liquidation proceedings already initiated against SME Leasing. The SECP had earlier commenced steps toward a winding-up order under regulatory provisions.
As per details disclosed…
