Pakistan bank governor calls for deeper shadow bank participation


In a speech on Sunday, March 4 in Karachi, the governor of the State Bank of Pakistan (SBP) bemoaned the fact that shadow banking has yet to make a "breakthrough" in his country – though he warned Pakistan will need to "strengthen the oversight and regulation of non-bank financial institutions (NBFIs) to reduce the risks" that come with the sector.

Yaseen Anwar said the sector "is yet to capitalise on the huge opportunities offered by previously relatively untapped areas like SMEs, consumer, and

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