Introduction





LSE Financial Services Limited (LSEFSL) is a non-banking finance company (NBFC), which has been granted a license of ‘Investment Finance Services’ by Securities and Exchange Commission of Pakistan (SECP) under the NBFC Rules & Regulations. Presently, it is a non-deposit taking lending NBFC. Its license is also valid for undertaking leasing, housing finance services and discounting services. At present, LSEFSL is a leading financier of Margin Trading System (MTS) of National Clearing Company of Pakistan Limited (NCCPL) and share more than 20% of the MTS market size, which is generating core earning to the Company. VIS Credit Rating Company Limited (VIS) has recently maintained the entity ratings of LSEFSL at ‘A/A-1’ (Single A/A-One). The Company is also providing the services of the Fund Manager to three (3) Trust Funds of erstwhile Lahore Stock Exchange having aggregate fund size of Rs. 1.050 billion.

Earlier, after integration of Lahore Stock Exchange Limited and Karachi Stock Exchange Limited, under the Stock Exchange (Corporatization, Demutualization and Integration) Act, 2012, on January 11, 2016, the residual entity was emerged as LSEFSL. Again, LSEFSL taken a rebirth in 2023, by virtue of the scheme of compromises, arrangement and reconstruction for demerger/split of LSEFSL. Under the scheme, the non-NBFC business and strategic investments/assets of the former entity have been transferred to LSE Ventures Limited (LSEVL) and LSE Proptech Limited (LSEPL). LSEFSL has now become a wholly owned subsidiary of LSEVL. The present paid up capital of LSEFSL is Rs. 100 million. The Registered Office of the Company is located at LSE Plaza, 19-Khayaban-e-Aiwan-e-Iqbal, Lahore.

The present majority shareholders have a plan to list LSEFSL at Pakistan Stock Exchange and to convert it into a deposit taking NBFC to unlock growth opportunities.