Islamabad, August 28, 2025 – The Securities and Exchange Commission of Pakistan (SECP) has taken a major step toward advancing digital finance by granting a digital lending license to Foremost Financial Services (Pvt) Limited, enabling it to operate as a Non-Banking Finance Company (NBFC).
In a parallel development, Instant Finance (Pvt) Limited received prior approval to register as an NBFC under Pakistan’s regulatory framework. Both moves underscore the SECP’s focus on fostering financial innovation and driving Foreign Direct Investment (FDI) into the country’s expanding fintech ecosystem.
Foremost Financial Services will provide digital nano-lending solutions targeted at individuals, while Instant Finance is set to introduce digital lending services for Small and Medium Enterprises (SMEs). The SECP emphasized that these approvals were processed swiftly, demonstrating its commitment to regulatory efficiency, market facilitation, and support for technology-driven financial services.
The sponsors of these companies bring an international business footprint, with operations spanning Indonesia, Mexico, and Nigeria. This global involvement signals renewed investor confidence in Pakistan’s regulatory environment and financial markets, encouraging greater FDI inflows.
As part of its broader agenda, the SECP aims to strengthen and diversify the NBFC sector by licensing reputable, innovation-driven entities. The Commission continues to promote financial inclusion, accelerate digital transformation, and create an enabling regulatory ecosystem that supports sustainable investment and long-term market growth.