Chairman SECP unveils NBFI, Modaraba Year Book - 2019.

ISLAMABAD -- Chairman SECP, Aamir Khan, here on Thursday unveils the Non-Banking Financial Institutions (NBFIs) and Modaraba Association of Pakistan Year-Book for 2019.

Addressing the virtual launch ceremony, he remarked that the immense potential of the NBFI and Modaraba had not been fully utilized primarily due to lack of awareness in potential segments of the society,said a press release issued here.

He urged the NBFI and Modaraba Association of Pakistan to expand outreach to rural areas to get a competitive edge over commercial banks.

Th chairman further emphasized that the impact of information technology had revolutionized financial services sector. Embracing available technologies could provide huge potential for product innovation, better customer services and business growth, he added.

He urged NBFIs and Modarabas to explore new technologies and apprised that those who were not able to adapt to the digital age would be at a competitive disadvantage.

The chairman expressed his commitment to introduce...