The Securities and Exchange Commission of Pakistan (SECP) has proposed increasing the financing limits for microfinance, housing and small and medium-sized enterprises (SMEs) as part of proposed regulatory amendments.
According to details, the SECP has formally issued the proposed amendments for consultation with relevant stakeholders.
The proposed changes aim to promote business activity in the country and improve access to financial services for low-income individuals and small businesses.
Under the proposed amendments, the maximum financing limit for microfinance and housing loans would be increased to Rs5 million.
The SECP has also proposed increasing the annual income limit for applicants seeking microfinance loans from Rs1.2 million to Rs1.5 million.
For small enterprises, the proposed annual turnover limit would increase from Rs150 million to Rs400 million, while the annual turnover limit for medium-sized enterprises would be raised from Rs800 million to Rs2 billion.
According to the SECP spokesperson, the proposed new limits for SMEs have been aligned with the State Bank of Pakistan’s recent policy changes, which are expected to provide greater financial flexibility to the business community.
The proposed amendments will be finalised after consultation with relevant stakeholders.
