ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved the country’s first digital financing product exclusively designed for women-led micro, small and medium enterprises (MSMEs), marking a significant step towards promoting financial inclusion and expanding access to formal financing for female entrepreneurs.
The innovative product, titled “Khud Mukhtar Khatoon” (Independent Woman), has been developed by Wali Financial Services (Private) Limited. It will provide Shariah-compliant asset financing ranging from Rs100,000 to Rs1.5 million, based on the credit assessment of eligible applicants.
The financing facility will be offered through the company’s existing whitelisted digital lending application, Hakeem, enabling women entrepreneurs to complete the entire financing process digitally.
Approved funds can be used to purchase business-related assets through an integrated marketplace available within the platform.
Selected assets will be delivered directly to the borrower’s registered address, helping women-owned enterprises acquire productive assets while effectively managing cash flow.
According to the SECP, the initiative represents an important milestone in its efforts to strengthen financial inclusion and support women entrepreneurs, a segment that has traditionally faced limited access to formal financial services in Pakistan.
Wali Financial Services, a licensed non-banking finance company (NBFC) engaged in investment finance services, currently provides digital nano-financing through its mobile application.
Following the approval of the “Khud Mukhtar Khatoon” product, the company will be able to expand beyond consumer financing and serve the MSME sector.
The SECP noted that lending NBFCs are playing a growing role in providing financing to underserved segments of society.
During the six-month period from July 2025 to December 2025, these institutions collectively extended approximately Rs111 billion in financing to around 7.5 million micro and small businesses across Pakistan.
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