Karachi: An emergent Board of Directors meeting of SME Leasing Limited, a designated market category company, convened on April 25, 2025, resulting in the approval of the company’s Winding Up Plan. The decision signifies a pivotal step in the company’s trajectory as it awaits further approval from its parent company, SME Bank Limited.

The board meeting, held to address the pressing financial circumstances facing the company, concluded with a unanimous decision to forward the Winding Up Plan to SME Bank Limited’s Board of Directors. This move follows a comprehensive review of the company’s current standing and its future viability in the market.

According to information available from the Pakistan Stock Exchange (PSX), the approved plan is anticipated to be officially communicated to the exchange once the parent company’s board finalizes its decision. The approval process at the parent company level is a crucial determinant in the subsequent procedural steps that SME Leasing Limited will undertake.

The decision to wind up comes amid a challenging economic climate that has impacted several sectors within the financial industry. The plan, as it stands, outlines the steps and measures required to efficiently manage the company’s remaining obligations and assets.

SME Leasing Limited, under the oversight of SME Bank Limited, has been a part of the financial landscape, providing leasing services to small and medium enterprises. The formalization of the winding up plan marks a significant transition for both the company and its stakeholders. The approval from SME Bank Limited’s Board of Directors will enable the dissemination of pertinent details to stakeholders and the public, ensuring transparency during this period of financial restructuring.