SMCL announces employee share issuance at annual meeting

HYDERABAD: In a landmark move for Pakistan’s microfinance sector, SAFCO Microfinance Company (SMCL) has announced it will grant company shares to its employees, transitioning its workforce from salaried staff to stakeholders.

The announcement was made by Dr Suleman G. Abro, Founder and President of the SAFCO Group, during the organisation’s annual meeting held at Hyderabad Gymkhana. The event was attended by governing board members, zonal managers.

Addressing the gathering, Dr. Abro highlighted SAFCO’s 40-year journey, noting that the institution has become a global benchmark. “Our experiences are now sought after by international delegations,” Dr. Abro stated. He credited the organisation’s success to its mission of serving the marginalized, asserting that the joy of alleviating human suffering outweighs any formal award.

The decision to offer shares is designed to foster a deep sense of ownership among the staff. “By making our employees shareholders, we are valuing their hard work and ensuring they share in SAFCO’s profits,” Dr. Abro said. He emphasized that this initiative would set a new precedent for corporate culture in Pakistan, encouraging “quality development” that directly improves lives.

Copyright Business Recorder, 2026