PSPC absorbs subsidiary NSPC in corporate restructuring

KARACHI: Pakistan Security Printing Corporation (Pvt) Limited (PSPC) has announced the amalgamation of its recently acquired wholly owned subsidiary, National Security Printing Company (Private) Limited (NSPC), with and into PSPC with effect from the start of business on July 1, 2025, a statement said on Tuesday.

“As a result of this amalgamation, all assets, liabilities, rights, obligations, undertakings and contracts of NSPC now stand amalgamated and vested permanently in PSPC,” the central bank said in the statement.

“NSPC has ceased to exist as a separate legal entity from the date of amalgamation and has been dissolved without winding up,” it added.PSPC, which is a wholly owned subsidiary of the State Bank of Pakistan (SBP), acquired NSPC from the federal government. The acquisition has been made to achieve operational synergies and enhance value for the customers. This strategic integration will lead to improved resource utilisation and enhanced coordination in the delivery of security printing services. It will also provide an opportunity to serve the customers with better, innovative products.All stakeholders and customers of NSPC in the public and private sectors will continue to receive the services under the existing arrangements without any disruption.