Karachi: Saudi Pak Consultancy Company Limited (SPCCL) has charted a strategic course for the fiscal year 2024-25, with a focus on recovery efforts, settlement of liabilities, and reduction of negative equity. On October 16, 2025, during a Corporate Briefing Session, the company outlined its forecasted strategic and operational developments aimed at enhancing its financial health and stability by June 2026.

SPCCL has been actively pursuing inherited decreed cases through Banking Courts and High Courts, with plans to auction collaterals and negotiate out-of-court settlements to significantly bolster cash inflows. As of June 2025, the company has successfully recovered PKR 57.021 million and anticipates reaching a recovery target of PKR 100 million by June 2026.

Regarding the settlement of liabilities, the company has settled MCB, BOK TFCs, and Silk Bank’s loan liabilities at PKR 46.700 million, benefiting from a haircut of PKR 96.800 million. SPCCL is also engaging in proposed settlements with major creditors, including PICT and Innovative Investment Bank, to reduce accrued markup and principal amounts. These efforts are expected to significantly enhance the company’s financial standing.

The company’s focus on reducing negative equity has already resulted in a PKR 61 million reduction by June 2025, with further reductions targeted through strategic settlements. SPCCL aims to eliminate negative equity by PKR 100 million by June 2026, driven by ongoing recovery and settlement initiatives.

As part of its regulatory compliance efforts, a new Board of Directors was elected unopposed on April 22, 2025, consisting of seven directors, including two females, in accordance with section 159 of the Company’s Act 2017. Subsequently, Syed Najmul Hasnain Kazmi was nominated as the Chairman of the Board. The board has been proactive in forming statutory committees to guide the company’s strategic direction.

According to information available from the Pakistan Stock Exchange (PSX), SPCCL is focused on maintaining profitability through efficient recovery processes and proactive liability management, with a goal of crossing PKR 100 million by June 2026. The company is also enhancing its financial health to position itself as a more attractive investment proposition and anticipates resuming trading of its shares at the PSX by January 1, 2026.

In alignment with directives from the Securities and Exchange Commission of Pakistan (SECP), SPCCL has transitioned to a new consultancy business line, as per resolutions passed at an Extraordinary General Meeting in April 2024. A new Certificate of Incorporation has been issued, and the elected Board of Directors is actively exploring consultancy avenues while managing non-performing lease and loan portfolios.

The balance sheet as of June 2025 reveals a decrease in total assets by 7% to PKR 686.03 million, compared to the previous year. Current assets decreased by 7% to PKR 574.41 million, while non-current assets saw a 5% decline to PKR 111.62 million. The company recorded total liabilities of PKR 1.085 billion, a 9% reduction from the previous year.

In its Profit & Loss Statement for the year ending June 30, 2025, SPCCL reported revenue from finance leases at PKR 102.04 million, a significant move of 33.74% from the previous year. Administrative and operating expenses rose by a very large move of 44.26% to PKR 62.10 million. The company’s profit after taxation stood at PKR 44.96 million, marking a very large move of 58.05% from the previous year.

Overall, SPCCL is implementing a robust strategy aimed at financial recovery and operational stability, with a focus on enhancing its consultancy business and improving its attractiveness to investors. As the company navigates these changes, it remains committed to achieving its financial targets by June 2026.

Karachi: Saudi Pak Consultancy Company Limited (SPCCL) has charted a strategic course for the fiscal year 2024-25, with a focus on recovery efforts, settlement of liabilities, and reduction of negative equity. On October 16, 2025, during a Corporate Briefing Session, the company outlined its forecasted strategic and operational developments aimed at enhancing its financial health and stability by June 2026.

SPCCL has been actively pursuing inherited decreed cases through Banking Courts and High Courts, with plans to auction collaterals and negotiate out-of-court settlements to significantly bolster cash inflows. As of June 2025, the company has successfully recovered PKR 57.021 million and anticipates reaching a recovery target of PKR 100 million by June 2026.

Regarding the settlement of liabilities, the company has settled MCB, BOK TFCs, and Silk Bank’s loan liabilities at PKR 46.700 million, benefiting from a haircut of PKR 96.800 million. SPCCL is also engaging in proposed settlements with major creditors, including PICT and Innovative Investment Bank, to reduce accrued markup and principal amounts. These efforts are expected to significantly enhance the company’s financial standing.

The company’s focus on reducing negative equity has already resulted in a PKR 61 million reduction by June 2025, with further reductions targeted through strategic settlements. SPCCL aims to eliminate negative equity by PKR 100 million by June 2026, driven by ongoing recovery and settlement initiatives.

As part of its regulatory compliance efforts, a new Board of Directors was elected unopposed on April 22, 2025, consisting of seven directors, including two females, in accordance with section 159 of the Company’s Act 2017. Subsequently, Syed Najmul Hasnain Kazmi was nominated as the Chairman of the Board. The board has been proactive in forming statutory committees to guide the company’s strategic direction.

According to information available from the Pakistan Stock Exchange (PSX), SPCCL is focused on maintaining profitability through efficient recovery processes and proactive liability management, with a goal of crossing PKR 100 million by June 2026. The company is also enhancing its financial health to position itself as a more attractive investment proposition and anticipates resuming trading of its shares at the PSX by January 1, 2026.

In alignment with directives from the Securities and Exchange Commission of Pakistan (SECP), SPCCL has transitioned to a new consultancy business line, as per resolutions passed at an Extraordinary General Meeting in April 2024. A new Certificate of Incorporation has been issued, and the elected Board of Directors is actively exploring consultancy avenues while managing non-performing lease and loan portfolios.

The balance sheet as of June 2025 reveals a decrease in total assets by 7% to PKR 686.03 million, compared to the previous year. Current assets decreased by 7% to PKR 574.41 million, while non-current assets saw a 5% decline to PKR 111.62 million. The company recorded total liabilities of PKR 1.085 billion, a 9% reduction from the previous year.

In its Profit & Loss Statement for the year ending June 30, 2025, SPCCL reported revenue from finance leases at PKR 102.04 million, a significant move of 33.74% from the previous year. Administrative and operating expenses rose by a very large move of 44.26% to PKR 62.10 million. The company’s profit after taxation stood at PKR 44.96 million, marking a very large move of 58.05% from the previous year.

Overall, SPCCL is implementing a robust strategy aimed at financial recovery and operational stability, with a focus on enhancing its consultancy business and improving its attractiveness to investors. As the company navigates these changes, it remains committed to achieving its financial targets by June 2026.