Company Profile
About Us
About Us
Security Papers Limited (SPL) was established in 1965. In 1967, it became a joint venture of Iran, Turkey, and Pakistan under the protocol of the Regional Cooperation for Development (RCD), now known as the Economic Cooperation Organization (ECO). The primary function of the Company was, and continues to be, the manufacture of banknote paper and other security papers.
Security Papers Limited is in the business of manufacturing security featured papers for banknotes and other security papers. The Company was formed under an International Tri-Partite Executive Agreement between the sovereign Governments of Pakistan, Iran and Turkiye under the Regional Corporation Development (RCD) framework at that time. SPL was then converted into a Public Listed Company and was quoted on Pakistan Stock Exchange (PSX) in 1967.
CEO's Message: Financial Performance FY2025–26
Security Papers Limited manufactures banknote paper and other security documents using 100% indigenous raw materials — cotton and high-quality textile cuttings. The Company has been successfully meeting the paper requirements of the Pakistan Security Printing Corporation (PSPC) for the printing of banknotes, prize bonds, non-judicial stamp paper, share certificates, and watermarked certificates/degree papers for various educational institutions across Pakistan.
Six Decades of Securing the Nation's Paper
Security Papers Limited (SPL) was established in 1965. In 1967, it became a joint venture of Iran, Turkey, and Pakistan under the protocol of the Regional Cooperation for Development (RCD), now known as the Economic Cooperation Organization (ECO). The primary function of the Company was, and continues to be, the manufacture of banknote paper and other security papers.
Vision
“To be a nationally and internationally recognized and accepted security paper producing organization, providing highest quality paper to our customers, both in Pakistan and abroad. ”
Mission
“We are the only National Organization in Pakistan producing strategically important security paper products for the nation. We have developed a unique set of strengths and competencies. We wish to build on these assets and will strive continuously to achieve higher levels of excellence.
Our mission is to exceed the expectations of our customers in producing, with security and efficiency, highest quality paper products, employing international best practices and applying an integrated approach to product research and development, manufacturing technology, operations management, counterfeit deterrence, materials procurement, human resource management, financial management and information systems.
Strategic Goals
1. Providing Customer Satisfaction by serving quality products and meeting security paper needs of national and international customers.
2. Ensuring Quality Manufacturing by production of state–of-the-art security paper products with highest quality at lowest cost.
3. Deterring Counterfeiting by producing security paper products that have built-in deterrence against counterfeiting so as to contribute to public confidence and facilitation of commercial transactions.
4. Ensuring Security and Accountability for employees, production facilities and products by developing secure and Accountable system.
5. Expanding Customer Base by exploring new national and international markets and undertaking product research and development in security paper.
6. Ensuring Efficient Resource Management by managing human, financial, technical and infra-structural resources so as to support the above strategic goals and to ensure highest possible value addition to stakeholders.
Core Values
1. Striving for continuous improvement and innovation with commitment and responsibility.
2. Treating stakeholders with respect, courtesy and competence.
3. Practicing highest personal and professional integrity.
4. Maintaining teamwork, trust, and support, with open and candid communication;
5. Ensuring cost consciousness in all decisions and operations.
Journey & Milestones
Governance & Compliance
Corporate Governance & Compliance Framework
From day-to-day functions to the ethical standards and legal registrations behind them — the framework that keeps SPL accountable.
Key Functions
Management is headed by the Chief Executive, who reports to the Board of Directors. Key functions at Security Papers Limited are:
- Production
- Engineering (Electrical, Mechanical, Civil)
- Quality Assurance & Research and Development
- Projects
- Finance and Accounts
- Information Technology
- Internal Audit
- Corporate and Shares
- Human Resource & Administration
- Security
- Supply Chain
Business Conduct Policy
SPL’s code of conduct sets the standard for how every employee is expected to act — on behalf of the Company and in the interest of the nation.
- Maintaining integrity and scrupulous dealings
- Reporting violations
- Maintaining correct books and records of the Company
- Strictly observing the laws of the country
- Strictly avoiding questionable and improper payments, or use of the Company’s assets
- Strictly avoiding conflicts of interest
- Strictly avoiding political contributions
- Expediting payment of dues or liabilities to customers, agents or distributors
- Strictly avoiding giving and receiving of gifts
- Treating means to be as important as ends
Registration & NTN
SPL’s official company registration and national tax identification, on record with the relevant regulatory authorities.
Code Of Ethics
REGISTERED OFFICE / FACTORY
- Jinnah Avenue, Malir Halt, Karachi – 75100, Pakistan
Pakistan Security Printing Corporation (Pvt.) Limited
( PSPC )
How Security Papers Limited Operates
From day-to-day functions to the ethical standards and legal registrations behind them — the framework that keeps SPL accountable.
Key Functions
Management is headed by the Chief Executive, who reports to the Board of Directors. Key functions at Security Papers Limited are:
Production Floor
Business Conduct Policy
SPL's code of conduct sets the standard for how every employee is expected to act — on behalf of the Company and in the interest of the nation.
Code of Conduct
Registration & NTN
SPL's official company registration and national tax identification, on record with the relevant regulatory authorities.
Registration Record
Jinnah Avenue, Malir Halt,
Karachi – 75100,
Pakistan
Jinnah Avenue, Malir Halt,
Karachi – 75100, Pakistan
Associated Companies
SPL maintains a formal association with the following organization:
Top Companies Award