Security Leasing Corporation Limited (PSX:SLCL) has submitted a quarterly progress report to PSX with regards to its operations.

The company has disclosed that they are in porcess of restructuring and revival efforts of Security Leasing Corporation Limited (SLCL), as well as the status of settlements with outstanding creditors.

Negotiations with several creditors are continuing in a positive manner, and the company is hopeful that further settlements will be achieved in the coming period. The impact of these developments, along with the overall restructuring initiatives, will be duly reflected in the upcoming annual financial statements.