ISLAMABAD: The SECP has proposed raising the maximum limit for microfinance and housing loans to Rs5 million, as part of amendments aimed at expanding access to finance.
The regulator said on Tuesday that it has issued the proposed amendments for consultation with stakeholders.
Under the proposals, the annual income threshold for borrowers eligible for microfinance loans would increase to Rs1.5 million from the current Rs1.2 million.
The amendments also revise the thresholds used to classify businesses. For small businesses, the maximum annual turnover limit has been proposed at Rs400 million, up from Rs150 million. For medium-sized businesses, the limit has been proposed at Rs2 billion, up from Rs800 million.
The SECP said the proposed SME thresholds are aligned with recent changes introduced by the State Bank of Pakistan, which revised its prudential regulations for housing finance.
The proposals are open for stakeholder feedback before any final decision. No implementation date was announced.
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