About Us

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)

2001

  • 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

  • PM-2 Capacity Enhancement through in-house development of Short  Former

2019

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. 

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