ISLAMABAD: Pakistan’s non-bank financial sector expanded in the second half of 2025, with total assets rising 21% to Rs6.84 trillion ($24.4 billion) by Dec. 31, the Securities and Exchange Commission of Pakistan (SECP) said on Wednesday.
The growth, up from Rs5.635 trillion ($20.1 billion) in June 2025, was driven by strong performance in fund management and lending segments, according to the regulator’s latest report, reflecting increased investor participation and expansion of Shariah-compliant assets.
“The fund management sector recorded solid growth of 17% during the period,” the SECP said in the statement.
“Mutual funds remained the largest sub-sector, managing assets of Rs. 4.5 trillion [$16.1 billion], which account for 66.3% of total industry assets.”
“The number of funds and plans increased from 369 to 409,” it continued. “Mutual fund investments remained well diversified, with 44% allocated to money market funds, 23% to income funds, and 14% to equity funds.”
