Pakistan’s non-banking financial assets grew by 21% during the first half of the fiscal year, reaching Rs6.84 trillion by December 2025. The increase highlights expanding activity in mutual funds, pension schemes, and non-bank lending institutions.
Mutual funds accounted for the largest share, with assets climbing to Rs4.5 trillion and investor accounts increasing steadily. Money market and income funds remained the preferred choices, reflecting cautious investment behavior amid economic adjustments.
Meanwhile, lending-focused non-bank financial companies posted significant growth, while Shariah-compliant assets reached Rs2.47 trillion, making up over one-third of total non-bank assets. Regulators view the expansion as a positive sign for financial inclusion and capital market development in Pakistan.
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