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 initiative aims to bring underserved businesses into the formal credit system and help them expand their operations, SECP said on Friday.