Pakistan · 1h ago
SECP Adds ForeQarz to Digital Credit Whitelist, Boosting Pakistan's Nano-Finance
The Securities and Exchange Commission of Pakistan has added ForeQarz to its compliance whitelist for non-bank digital credit platforms. This move expands the nano-finance ecosystem by allowing ForeQarz to offer small loans digitally. The whitelist aims to regulate and promote fintech lending in Pakistan.
Meridian48 take
While this signals regulatory progress for Pakistan's fintech sector, the actual impact depends on ForeQarz's ability to scale responsibly without fueling over-indebtedness.
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SECP Adds ForeQarz to Digital Credit Whitelist to Expand Pakistan’s Nano-Finance Ecosystem →
ProPakistani
fintech-regulationdigital-lending