New rules unveiled: capital requirement for NBFCs enhanced
ISLAMABAD (November 23 2007): The Securities and Exchange Commission of Pakistan (SECP) has enhanced the capital requirement for the Non-Banking Finance Companies (NBFCs) and categorised NBFCs into two groups/clusters where first group would cover asset management companies (mutual funds) and second leasing, investment banking and housing finance units under new NBFCs Rules-2007.
Read More at Business Recorder…
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Categories: Finance
23Nov