SECP licences Punjab Rural Support Programme as a non-bank microfinance company

9
158

 

 

The Securities and Exchange Commission of Pakistan (SECP) has issued the first Investment Finance Services licence to Punjab Rural Support Programme for carrying out micro financing as a Non-Bank Microfinance Company. Under the new regulatory regime, micro financing has become a regulated activity and all the entities other than microfinance banks undertaking microfinance activities are required to obtain a license from the SECP.

During the last two months, the SECP has been holding discussions and deliberations with Pakistan Microfinance Network (PMN), Pakistan Poverty Alleviation Fund (PPAF) and other Micro Finance Institutions (MFIs) with the aim to onboard the MFIs as Non-Bank Microfinance Companies (NBMFCs). As a result, the SECP has already received a large number of license applications from MFIs which are currently being processed.

Further, in order to provide operational flexibility for smooth transition of MFIs into NBMFCs, the commission has approved certain draft relaxations/amendments in the current regulatory framework for microfinance sector which will soon be notified for public consultation and will become available on the SECP’s website.

9 COMMENTS

  1. Using this type of technology power world, nearly every single facility and also service beneath sun can be purchased at your click in the mouse. But one have to be sure through the need on its own. Babysitter and also nanny may are most often synonymous circumstances but expose look may possibly reveal that will there’s an aspect in their unique meanings along with the services they have. http://www.techtoolsforactivism.net

  2. Nowadays you could possibly hardly experience any articles or blog posts, books, Dvd movie disks, videos, movies, documentaries with regards to self-improvement or maybe self-help with no finding a minimum of one mentioning linked to some ‘Universal Law’. http://www.lawtechtalk.net

  3. Regardless if the drive you propose to invest in is significant enough possesses the essential security features will probably be of virtually no value in the event it lowers apart after a little damage. http://www.nyctechnology.net

  4. Abdominal muscles last thing you desire is to attend for hours that you can transfer papers. If you may be moving significant files that happen to be larger over a few kilobytes, seriously consider the transfer speed through the drive. http://www.itstechnology.net

  5. To start with: Men and also women involving ages get very creative and also convincing regarding justifying and also explaining besides why success adjusted out with their own accomplish. I don’t feel that some with their factors are generally valid from the physical earth. http://www.favientertainment.net

  6. There are several of items to consider when booking an entertainer. Much like any self-sufficient business, there’s a new variation from the quality a single entertainer to an alternative. Some usually are wonderful, some usually are good as well as some are possibly less than the standard you’d be expecting. http://www.fivestarentertainment.net

  7. Leisure campaigns provide ohio state university physicians with a substantial platform from where you'll harness your audience's unquenchable wish to have digital camera amusement. Brand-new movies even now draw enormous crowds. Rising artists carry on and seize your amusement spot light. http://www.skykingentertainment.net

Comments are closed.