NBFC assets surge 21% to Rs6.84tr in H1 FY26

February 25, 2026 (MLN): Pakistan’s non-bank financial sector expanded sharply in the first half of FY26, with total assets jumping 21% to Rs6.84 trillion by December 2025 from Rs5.63 trillion in June 2025, according to data released by the Securities and Exchange Commission of Pakistan (SECP).

The growth was driven largely by mutual funds, which remained the dominant segment with assets of Rs4.5 trillion.

The number of funds increased to 409 from 369 six months earlier, reflecting rising investor participation.

Mutual fund investor accounts climbed to about 845,000, marking an 8% increase since June 2025.

Within asset allocation, money market funds attracted the largest share at 44%, followed by income funds at 23%, while equity funds accounted for 14% of total investments, indicating a continued preference for lower-risk instruments amid market uncertainty.

Participation in voluntary pension schemes also strengthened, with the number of contributors exceeding 143,000, up 30% over six months.

Assets of lending non-bank finance companies (NBFCs) reached Rs824 billion, posting a strong 65% increase, highlighting expanding credit activity outside the traditional banking system.

Shariah-compliant assets stood at Rs2.47 trillion, representing 36% of the sector’s total assets.

Meanwhile, the number of registered NBFCs and Modaraba companies rose to 185 from 174 in June 2025, reflecting continued institutional growth in the sector.

The data represents steady expansion in Pakistan’s non-bank financial industry, supported by increased investor participation, diversification of financial products, and growing demand for alternative financing channels.

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