The Securities and Exchange Commission of Pakistan has issued an Investment Finance Services licence to Foremost Financial Services (Private) Limited to operate as a non-banking finance company (NBFC), and granted Instant Finance (Private) Limited prior permission to proceed with registration as an NBFC under the applicable regulatory framework. The approvals relate to digital lending models, with Foremost intending to offer digital nano-lending services and Instant Finance planning digital lending for small and medium enterprises. SECP said the licensing and approval-in-principle were processed on an expedited basis and positioned the decisions within its agenda to strengthen and diversify the NBFC sector and facilitate investment by reputable foreign institutions. Sponsors of the two entities have an international business presence in jurisdictions including Indonesia, Mexico and Nigeria.
Securites & Exchange Commission of Pakistan 2025-08-28
Securities and Exchange Commission of Pakistan licenses Foremost Financial Services for digital nano-lending and clears Instant Finance to register as a non-banking finance company
The Securities and Exchange Commission of Pakistan issued an Investment Finance Services licence to Foremost Financial Services (Private) Limited and granted Instant Finance (Private) Limited prior permission for NBFC registration. These approvals, focused on digital lending models, aim to strengthen and diversify the NBFC sector and attract foreign investment. The sponsors of both entities have international operations in Indonesia, Mexico, and Nigeria.