PAKISTAN: The Securities and Exchange Commission of Pakistan (SECP) approved the Strategic Action Plan 2024-2026 to facilitate the growth and development of Islamic finance in non-bank financial sectors. This plan aims to enable Islamic finance across all regulated sectors under the purview of SECP by December 2026, via a conversion strategy with a legal framework. Also involved are the Pakistan Stock Exchange, Central Depository Company, National Clearing Company of Pakistan, SECP policy department heads and industry experts.
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