The Securities and Exchange Commission of Pakistan (SECP) has issued an Investment Finance Services license to Foremost Financial Services Private Ltd., enabling the company to operate as a Non-Banking Finance Company (NBFC). Additionally, Instant Finance Private Limited has received prior permission to register as an NBFC under the regulatory framework.
The licenses reflect the SECP’s ongoing focus on regulatory efficiency and its commitment to facilitating market entrants. Foremost Financial Services will offer digital nano-lending services in Pakistan, while Instant Finance plans to provide digital lending for Small and Medium Enterprises (SMEs). Both companies have international business operations in countries such as Indonesia, Mexico, and Nigeria, signaling positive momentum for foreign direct investment (FDI) in Pakistan’s financial sector.
These approvals align with the SECP’s broader efforts to encourage foreign investment and diversify the NBFC sector by incorporating innovative, well-structured companies. The Commission continues to focus on promoting financial inclusion, enabling digital transformation, and maintaining a supportive regulatory environment for sustainable growth in Pakistan’s financial services industry.
