about us

About Us

(Urdu content)

Security Papers Limited (SPL) was established in 1965. It became a joint venture company of Iran, Turkey and Pakistan in 1967, under the protocol of RCD - now ECO - in 1967 . The basic function of the Company was and still is; to manufacture banknote and other security paper.


Brief history of the Company is as under:


Incorporation of the Company (as a private Company) 1965
Signing of contract for the supply of Paper Machine-1 (PM-1) with Mills-Paugh, U. K. 1966
Conversion into public Company 1967
Listing on the Karachi Stock Exchange 1967
Start of commercial production of PM-1 1969

Signing of contract for supply of Paper Machine-2 (PM-2) with Voith Paper, Germany (Obsolete PM-1 made redundant and scrapped)

Start of Commercial Production of PM-2 2003
Formal inauguration of PM-2 by the Prime Minister 2004
Commissioning of Co-Generation Power Plant 2009
Modification and upgrading of plant 2011
Commissioning of new Mould Cover preparation building 2012
Commissioning of Dry Cleaning Plant 2014
Commissioning of Thread Unwind System 2015
Production of Passport Paper 2016
Installation of Breaker and Beater Assemblies and Stainless Steel Chests 2018


Security Papers Ltd. manufactures Banknote Paper and other security documents from 100% indigenous raw materials i.e. comber and textile cuttings of the highest quality. It has successfully been meeting the paper requirements of the Pakistan Security Printing Corporation (PSPC) for printing Banknotes, Prize Bonds, Non-judicial Stamp Paper, Share Certificates, etc. and Watermarked Certificate/ degree papers for various educational institutions of Pakistan.