SECP introduces non-banking microfinance regulatory framework to facilitate microfinance sector

ISLAMABAD, August 25, 2016: The SECP has filled up the regulatory vacuum in the microfinance sector by introducing non-banking microfinance regulatory framework the SECP chairman, Mr. Zafar Hijazi, said this while addressing a conference on “credit scoring model” and the launch of Pakistan Microfinance Review 2015” in Karachi as the guest of honor. He told the audience that the framework has been introduced after extensive consultation with all the stakeholders, including microfinance industry participants and the purpose is to remove hurdles in the rapid growth of the sector.