An non-banking financial company (NBFC) is a financial institution that provides banking services, but does not have a full banking license or the authority to accept deposits from the public. In Pakistan, NBFCs are regulated by the State Bank of Pakistan (SBP), which is the central bank of the country.
NBFCs in Pakistan can offer a variety of financial products and services, such as lending, financing, leasing, and investment. They may also provide other financial services, such as money transfer, foreign exchange, and credit card services.
To operate as an NBFC in Pakistan, a company must obtain a license from the SBP and comply with the regulations and guidelines set forth by the central bank. It is important to note that the specific requirements for operating as an NBFC in Pakistan may vary depending on the specific nature of the company’s business. It is recommended that you seek guidance from the SBP to ensure that you are in compliance with all applicable laws and regulations.