SECP approves up to Rs3mn digital financing for small businesses
The Securities and Exchange Commission of Pakistan (SECP) has approved Shaamilkar Tajir, a digital application offering Shariah-compliant financing of up to Rs3 million to eligible small businesses. Developed by SECP-licensed Shaamilkar Financial Services, the application will enable micro-entrepreneurs to purchase inventory from approved suppliers through a simpler and faster digital process.…
The Securities and Exchange Commission of Pakistan (SECP) has granted approval for Shaamilkar Tajir, a digital platform providing Shariah-compliant financing up to Rs3 million to qualified small businesses. Created by SECP-licensed Shaamilkar Financial Services, the application streamlines the process for micro-entrepreneurs to acquire inventory from pre-approved suppliers.
The program aims to integrate underserved businesses into the formal credit system and assist them in expanding their operations, according to the SECP announcement on Friday. Dr Kabir Ahmed Sidhu, SECP Chairman, highlighted that technology-driven financing can broaden access to formal credit for underserved businesses, emphasizing the commission's commitment to responsible digital financing with regulatory oversight and consumer protection.
The approval aligns with the Federal Government's Access to Finance agenda for SMEs and other key sectors. During the period from July 2025 to June 2026, licensed lending NBFCs disbursed approximately Rs253 billion through 2.5 million loans to micro, small, and medium enterprises.
Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
