Minimum capital requirement for nbfc in pakistan
Modarabas Modaraba is one of the prime modes of Islamic Financial System. In Pakistan the process of Islamization of the economy was initiated in 1980 when the Government introduced the concept of Modaraba for Islamization of the economy in the banking and corporate sector by promulgating the Modaraba Companies& Modaraba (Floatation& ControlThe Securities and Exchange Commission of Pakistan (SECP) has enhanced the capital requirement for the NonBanking Finance Companies (NBFCs) and categorised NBFCs into two groupsclusters where first group would cover asset management companies (mutual funds) and second leasing, investment banking and housing finance units under new NBFCs Rules2007. minimum capital requirement for nbfc in pakistan
Aug 20, 2018 Minimum Capital Requirement in Pakistan. As stated in the Companies Act, 2017, there is no minimum capital requirement for foreignowned companies in Pakistan. However, companies should subscribe at least PKR 100, 000 (800) as capital to incorporate the company. On the other hand, the public limited companies have a minimum capital requirement of PKR 200 million (1. 6 million).