Institutions providing microfinance services in Pakistan include: microfinance banks (MFBs), microfinance NGOs, and commercial banks, along with government-supported Rural Support Programs (RSPs). MFBs and commercial banks are regulated by the State Bank of Pakistan (SBP). Microfinance NGOs and RSPs, neither of which can accept deposits, are registered by either the Securities and Exchange Commission of Pakistan or provincial authorities. Pakistan has a specialized law for MFBs, the Microfinance Institutions Ordinance, and prudential regulations for MFBs. There are also specific guidelines on Islamic microfinance issued by the SBP. A pilot Microfinance-Credit Information Bureau developed through a public-private partnership among the SBP, the microfinance industry and a private sector credit bureau was launched in May 2010 in Lahore.


24 May 2018
CGAP shows how an enabling regulatory framework that is based on four enablers has contributed to advancing digital financial services in 10 countries.
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English (36 pages)
19 October 2017
This study looks at Pakistan’s nearly decade-old experience with regulating digital financial services (referred in the local context as branchless banking) as a test case for the RIA Lite methodology,
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English (24 pages)

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