The Non-Banking Finance Companies Department (NBFCD) is headed by Executive Director Mr. Akif Saeed. It is responsible for licensing and regulation of entities under its purview and their enforcement and compliance with applicable laws, rules and regulations. These include non-banking finance companies engaged in leasing, investment finance services, discounting services, housing finance services, venture capital investment, asset management services and investment advisory as well as modarabas, modaraba management companies, venture capital funds and mutual funds.

	ABOUT THE DIVISION
		objective
		oRGANIZATIONAL STRUCTURE
		functional profile
	developmental activities
		laws administered by the department
		market developments

Objective

To develop and strengthen non-banking finance companies by ensuring a comprehensive regulatory framework and its proactive enforcement through sustained monitoring in order to protect the interests of all stakeholders.

Organizational Structure

Functional Profile

NBFC-I Wing
The NBFC-I Wing is responsible for the regulation and enforcement actions pertaining to non-banking finance companies (NBFCs) carrying out the business of leasing, investment finance services, discounting services and housing finance services. 

NBFC-II Wing
The NBFC-II Wing is responsible for the regulation and enforcement actions pertaining to NBFCs engaged in venture capital investment, asset management services and investment advisory. Moreover, its responsibilities include regulation and enforcement actions regarding venture capital funds, open-end and closed-end mutual funds.  

Modaraba Wing
This Wing is responsible for the regulation and enforcement actions pertaining to modarabas and modaraba management companies. 

Monitoring and Inspection Wing
The Monitoring and Inspection Wing is entrusted with prime responsibility of ensuring compliance with existing regulatory framework pertaining to NBFCs, mutual funds, modarabas and venture capital funds and assessing their financial position through effective off-site monitoring and on-site inspections.