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Karachi, Saudi Pak Leasing Company Limited has released its progress report for the month of June 2023, highlighting significant achievements in cash recovery and overall financial performance. The company’s efforts have resulted in a strengthened cash position and positive developments in various income streams.
During the reporting period, Saudi Pak Leasing Company made a cash recovery of Rs. 400,000/-. This successful recovery contributed to the total accumulated recovery for the company in Fiscal Year 2022-2023, which amounted to Rs. 88,729,438/=. This demonstrates the company’s commitment to managing and recovering outstanding amounts efficiently.
In addition to the cash recovery, Saudi Pak Leasing Company received Rs. 7,105,128/- as dividend, Rs. 2,339,408/- as profit from Treasury Bill (T.B), and Rs. 3,687,090/- as profit from bank deposits. These income sources further bolstered the company’s financial position, resulting in an augmented cash position of PKR 101,861,064/-. The increased cash position comprises the accumulated recovery, dividend income, profit from Treasury Bill, and profit from bank deposits.
As previously communicated, Saudi Pak Leasing Company is diligently working to meet its commitments to Certificate of Investment (COI) holders. The company is pooling its resources and remains positive about settling the COI as early as possible.
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