SECP Proposes Higher Loan Limits for Microfinance, Housing, SMEs

The Securities and Exchange Commission of Pakistan (SECP) has proposed increasing microfinance and housing loan limits to Rs5 million, up from previous thresholds, to expand access to finance. The regulator also suggests raising the annual income threshold for microfinance borrowers to Rs1.5 million and increasing turnover limits for small and medium-sized businesses to Rs400 million and Rs2 billion, respectively. These amendments, issued for stakeholder consultation, align SME thresholds with recent State Bank of Pakistan changes. While a positive step for economic inclusion, the immediate impact on gold or currency rates in Pakistan is likely to be indirect and gradual.

بحوالہ / Source: www.brecorder.com