Karachi: Saudi Pak Consultancy Company Limited, previously known as Saudi Pak Leasing Company Limited, has reported its financial progress for the period from July 1, 2024, to September 30, 2025. Following the withdrawal of a liquidation notice by the Securities and Exchange Commission of Pakistan (SECP), the company received approval to transition its business model from leasing to consultancy services, accompanied by a formal change of name and the issuance of a new certificate of incorporation on October 11, 2024.
The company, inheriting the assets and liabilities of its predecessor, focused its efforts on the recovery of non-performing loans and leases, as well as the settlement of liabilities through cash generated from these recoveries. Total recoveries during the designated period amounted to Rs.59.491 million. In terms of liabilities, Rs.149.665 million were settled, with an additional Rs.355.197 million in settlements reported as in progress. Management has actively pursued legal and out-of-court avenues to facilitate the recovery process and generate the necessary cash inflow for discharging the company’s liabilities.
Board elections were conducted on April 22, 2025, ensuring compliance with the Code of Corporate Governance (COCG). The newly elected Board of Directors is now fully operational and focused on entering a new business phase. According to information available from the Pakistan Stock Exchange (PSX), the company’s shift towards consultancy is expected to yield favorable outcomes within the current financial year.
The Board of Directors and management have been exploring various opportunities to provide consultancy services to local and foreign companies, particularly those involved in China-Pakistan Economic Corridor (CPEC) projects. The company is optimistic about reducing its negative equity further in the current financial year through the settlement of outstanding liabilities.
Saudi Pak Consultancy Company Limited is categorized under the designated market category of financial services, specifically within consultancy offerings.