SECP grants approvals to boost digital lending sector

MG News | August 28, 2025 at 02:13 PM GMT+05:00

0:00

August 28, 2025 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has issued an Investment Finance Services license to Foremost Financial Services (Pvt.) Limited to operate as a Non-Banking Finance Company (NBFC).

Concurrently, Instant Finance (Pvt.) Limited has been granted prior approval for registration as an NBFC under the regulatory framework.

Foremost Financial Services will provide digital nano-lending in Pakistan, while Instant Finance plans to extend digital loans to small and medium enterprises.

The sponsors of both entities maintain international business operations in Indonesia, Mexico and Nigeria, signaling renewed investor confidence and rising foreign investment in Pakistan’s regulated financial sector.

These approvals fall under SECP’s agenda to facilitate credible foreign institutions, diversify the NBFC sector, and encourage innovative companies to operate in the market.

The Commission has reaffirmed its commitment to financial inclusion, digital transformation, and a supportive regulatory environment through swift licensing processes across the financial services industry.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,859.98 499.43M	-0.35% -591.88
ALLSHR	102,452.72 914.26M	-0.10% -102.08
KSE30	51,206.56 75.27M	-0.49% -254.09
KMI30	241,979.58 75.02M	-0.54% -1310.69
KMIALLSHR	66,800.37 356.39M	-0.20% -135.52
BKTi	45,310.42 19.33M	-0.29% -131.92
OGTi	33,545.44 13.15M	0.59% 196.32

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,330.00	92,800.00 89,575.00	-2455.00 -2.65%
BRENT CRUDE	61.61	62.63 61.57	-0.60 -0.96%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	0.35 0.39%
ROTTERDAM COAL MONTHLY	97.40	0.00 0.00	0.60 0.62%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	57.89	58.94 57.85	-0.57 -0.98%
SUGAR #11 WORLD	14.90	15.02 14.66	0.23 1.57%