PAKISTAN: EVOLUTION OF THE REGULATORY FRAMEWORK

Evolution of the regulatory framework in Pakistan. The presentation covers the regulation & supervision of the mortgage finance sector in Pakistan by SBP (Commercial Banks & HBFC) through enforcement of prudential regulations (PRs ), housing finance is a part of consumer finance PRs, until housing specific PRs are framed, annual on-site inspections (by banking inspection department), off-site supervision through off -site supervision & enforcement & banking surveillance departments, and by SECP through housing finance by NBFCs and HFCs are regulated by SECP under NBFI rules, and housing specific regulations are being framed.