SECP Approves Rs3mn Digital Financing for Pakistan's Small Businesses

The Securities and Exchange Commission of Pakistan (SECP) has approved Shaamilkar Tajir, a digital application providing Shariah-compliant financing up to Rs3 million for small businesses. Developed by SECP-licensed Shaamilkar Financial Services, this initiative aims to integrate underserved micro-entrepreneurs into the formal credit system, enabling them to purchase inventory digitally. This move supports the Federal Government’s Access to Finance agenda for SMEs, potentially boosting economic activity. While positive for economic development, this specific policy change is unlikely to have an immediate, direct impact on gold or USD/PKR rates.

بحوالہ / Source: www.brecorder.com