PRESS RELEASE - secp.gov.pk · Securities and Exchange Commission of Pakistan NICL Building, 63...
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Securities and Exchange Commission of Pakistan NICL Building, 63 Jinnah Avenue, Islamabad Tel: 051-9214005 PRESS RELEASE For immediate release June 25, 2020 Chairman SECP Aamir Khan unveils NBFI & Modaraba Year Book – 2019 ISLAMABAD, June 25: The Chairman SECP, Aamir Khan, here on Thursday unveils the Non- Banking Financial Institutions (NBFIs) and Modaraba Association of Pakistan Year-Book for 2019. Addressing the virtual launch ceremony, the Chairman SECP remarked that the immense potential of the NBFI and Modaraba has not been fully utilized primarily due to lack of awareness in potential segments of society. He urged the NBFI and Modaraba Association of Pakistan to expand outreach to rural areas to get a competitive edge over commercial banks. Chairman further emphasized that the impact of information technology has revolutionized financial services sector. Embracing available technologies can provide huge potential for product innovation, better customer services and business growth. He urged NBFIs and Modarabas to explore new technologies and apprised that those who are not able to adapt to the digital age would be at a competitive disadvantage. The Chairman SECP expressed his commitment to introduce desired improvements and reforms in the legislative framework of NBFI & Modarabas in order to bring them in line with international standards. Beneficial regulations and enabling conducive business environment remain at the forefront of SECP’s agenda, he added. As per year book data, the overall performance of the NBFI and Modaraba sector remained satisfactory. The total asset base of the sector, comprises of Modarabas, Leasing companies and Investment Finance Services, slightly increased from Rs 94,585 million to Rs 95,091 million. The book launch ceremony was attended by senior officials from SECP, Pakistan Stock Exchange, NBFI & Modaraba Sector and executives from other financial sector. دیری بک ئائراورا ن ننایا ی ئ چن( آنکدم ا25 ) آف ش ی ئ ائ ار اور ا ن ن ن ن آف ن ا ار ی ئ چ ات ک یی اآنرٹ ر ر اور ا ن دی۔ ن ری رٹ ر ن ن ۔آن م ای اور ا،ر ،آ ا ا
Transcript of PRESS RELEASE - secp.gov.pk · Securities and Exchange Commission of Pakistan NICL Building, 63...
Securities and Exchange Commission of Pakistan NICL Building, 63 Jinnah Avenue, Islamabad
Tel: 051-9214005
PRESS RELEASE For immediate release
June 25, 2020
Chairman SECP Aamir Khan unveils NBFI & Modaraba Year Book – 2019
ISLAMABAD, June 25: The Chairman SECP, Aamir Khan, here on Thursday unveils the Non-
Banking Financial Institutions (NBFIs) and Modaraba Association of Pakistan Year-Book for
2019.
Addressing the virtual launch ceremony, the Chairman SECP remarked that the immense potential
of the NBFI and Modaraba has not been fully utilized primarily due to lack of awareness in
potential segments of society. He urged the NBFI and Modaraba Association of Pakistan to expand
outreach to rural areas to get a competitive edge over commercial banks.
Chairman further emphasized that the impact of information technology has revolutionized
financial services sector. Embracing available technologies can provide huge potential for product
innovation, better customer services and business growth. He urged NBFIs and Modarabas to
explore new technologies and apprised that those who are not able to adapt to the digital age would
be at a competitive disadvantage.
The Chairman SECP expressed his commitment to introduce desired improvements and reforms
in the legislative framework of NBFI & Modarabas in order to bring them in line with international
standards. Beneficial regulations and enabling conducive business environment remain at the
forefront of SECP’s agenda, he added.
As per year book data, the overall performance of the NBFI and Modaraba sector remained
satisfactory. The total asset base of the sector, comprises of Modarabas, Leasing companies and
Investment Finance Services, slightly increased from Rs 94,585 million to Rs 95,091 million.
The book launch ceremony was attended by senior officials from SECP, Pakistan Stock Exchange,
NBFI & Modaraba Sector and executives from other financial sector.
ر بک اجری رک دی
ئ
ان گنکنیب اونٹنمٹس اور اضمرہب ےک رٹکیس یک ائ
رنیم اسی ای یس یپ اعرم اخن ےن ن ی
ئ
چ
آف ( 25االسم آنکاد ) وجن
ش
ی
ئ
ان گنکنیب انفلشن ایٹسن ویٹزنس اور اضمرہب اوسییس ائ
رنیم ویکسرزیٹ اڈنی اسکی جنیچ نشیمک آف ن ااتسکن اعرم اخن ےن ن ی
ئ
چ
ک رعمجات وک دقعنمی
ان گنکنیب اونٹنمٹس اور اضمرہب رٹکیس یک اسالہن روپرٹ یک آن النئ ااتتفیح رقتی
وہیئ سجن ااتسکن یک اسالہن روپرٹ اجری رک دی۔ ن
ںیم انی یب افی آزیئ، اضمرہب، اور اسی ای یس یپ ےک اکحم ےن آن النئ رشتک یک۔
Securities and Exchange Commission of Pakistan NICL Building, 63 Jinnah Avenue, Islamabad
Tel: 051-9214005
رنیم اعرماخن ےن اہک ہک ی
ئ
روغ ےک اس ومعق رپ اطخب رکےت وہےئ اسی ای یس یپ ےک چ
روھیت اور ف
ان گنکنیب اور اضمرہب ےک رٹکیس یک ئک
ن ااتسکن ںیم ن
وک وعام اور اخص وطر رپ دیہ العوقں ںیم آاگیہ دیپ
ش
ی
ئ
ات وموجد ںیہ نکیل اس ےک ےئل اضمرہب اور انی یب افی آزیئ یک اوسییس ائ
ا رکےن ےک ےئل تہب ااکمن
کنب وموجد ںیہن ںیہ اور ولوگں وک وفحمظ اور ادقاامت رکےن وہں ےگ۔ اس رطےقی ےس ہی ادارے ان العوق
ے
ںیہ اہجں ایھب ب
ے
راھ تکس
رہ ئک
ئ
ں ںیم اانپ دائ
ںیہ۔
ے
رامہ رک تکس
راسیئ ےک ےئل ڈلٹیجی انکیٹولیج رتہب رسامہی اکری ےک ومعق ف
ے
اداروں وک اینپ امرگنٹیک اور وعام ب
کان نب
ر ایک ہک ن
اعرم اخن ےن وجتئی
ا اچےیہ او
رنی اور آاسن اکس افدئہ ااھٹن
ے
رامہ رکںی۔ ر زیت ئ
ان گنکنیب ےبعش وک ےئل رتہب اکرونکاری اور امیل ونصماعت ف
اعرم اخن ےن اہک ہک اسی ای یس یپ ن
رایمہ ےک ےئل وقانین وک رتہب انبےن ےک ےئل
رحیج ںیم ںیہ۔ روگیرٹیلی اموحل یک ف
ے
یئک ادقاامت ان یک ئ
ان گنکنیب ا
اہث اجت اک مجح رٹکیس یک اسالہن روپرٹ ےک اطمقب ن
ش
رھ رک 94.5ونٹنمٹس اور اضمرہب ےبعش ےک لک ان
ارب روےپ وہ ایگ 95ارب روےپ ےس ئک
ےہ۔
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