The Securities and Exchange Commission of Pakistan published a report on Pakistan’s non-bank financial sector showing total assets increased by 21% over the second half of 2025 to PKR 6.84 trillion as of 31 December 2025, up from PKR 5.635 trillion at 30 June 2025. The update points to growth across both fund management and non-bank lending activities. Fund management assets grew 17% over the six months, with mutual funds remaining the largest sub-sector at PKR 4.5 trillion, representing 66.3% of total industry assets. The number of funds and plans rose to 409 from 369, with mutual fund allocations reported as 44% in money market funds, 23% in income funds and 14% in equity funds; mutual fund investor accounts reached 845,000, up 8% since June 2025 and double the level recorded in December 2022. Voluntary pension scheme participant accounts increased to 143,154, up 30% since June 2025 and 170% since December 2022. In the lending segment, non-bank financial company assets rose 65% to PKR 824 billion, while Shariah-compliant assets totaled PKR 2.47 trillion, or 36% of overall industry assets; registered non-bank financial companies and Modaraba entities increased to 185 from 174.
Securites & Exchange Commission of Pakistan 2026-02-25
Securities and Exchange Commission of Pakistan reports 21% rise in non-bank financial sector assets to PKR 6.84 trillion in H2 2025
The Securities and Exchange Commission of Pakistan reported a 21% increase in total assets of the non-bank financial sector to PKR 6.84 trillion by the end of 2025. Fund management assets grew 17%, with mutual funds comprising 66.3% of total assets, while non-bank financial company assets rose 65% to PKR 824 billion. Shariah-compliant assets accounted for 36% of the industry, and registered non-bank financial companies and Modaraba entities increased to 185.