| |
| Financial Stability |
 |
 |
|








|
| Structure of Financial System: |
Financial sector of Pakistan constitute banks, Development Finance Institutions (DFIs), Microfinance Banks (MFBs), Non-banking Finance Companies (NBFCs), insurance companies, Modarabas and other financial intermediaries. Latest asset structure of the financial sector is given below.
| Institution |
Regulatory Body |
Licensed under |
| Banks |
SBP |
Section 27 of BCO, 1962 |
| of which: Islamic Banking Institutions |
SBP |
Section 27 of BCO, 1962 |
| Microfinance Banks |
SBP |
Microfinance Institutions Ordinance 2001 |
| Exchange Companies |
SBP |
Foreign Exchange Regulation Act, 1947 |
| DFIs |
SBP |
|
| Nonbank financial institutions: |
SECP |
|
| Investment companies |
SECP |
Companies Ordinance, 1984 |
| Asset Management Companies |
SECP |
Companies Ordinance, 1984 |
| Mutual Funds and Plans |
SECP |
Companies Ordinance, 1984 |
| Pension Funds |
SECP |
Companies Ordinance, 1984 |
| Discretionary & Non-Discretionary Portfolios |
SECP |
Companies Ordinance, 1984 |
| Real Estate Investment Trust |
SECP |
Companies Ordinance, 1984 |
| Leasing Companies |
SECP |
Companies Ordinance, 1984 |
| Modarabas |
SECP |
Companies Ordinance, 1984 |
| Insurance companies |
SECP |
Companies Ordinance, 1984 |
Financial sector of Pakistan predominantly comprises of banks, as they hold the largest share of financial assets as a percentage of GDP.
State Bank of Pakistan (SBP) regulates Banks, DFIs, Exchange Companies and MFBs, while Securities and Exchange Commission of Pakistan (SECP) regulate NBFCs, Insurance Companies and Modaraba Companies.
|
|
|
|
|