KARACHI, Sept 1: The State Bank of Pakistan, in collaboration with the International Securities Consultancy Limited (ISC), Hong Kong, organised a one-day awareness and consensus building workshop on “strengthening a secured transaction regime in Pakistan” at Karachi.
The objective was to familiarise participants with best international practices in secured transactions and the initiatives of the government and the SBP to reform the secured transaction registry system in Pakistan with a view to get stakeholder feedback on the work being carried out by the ISC consultants.
The secured transactions framework will help increase SME and agriculture sectors’ access to finance by creating a registry system to register charge on various kinds of properties, especially immovable properties.
Chaired by Qasim Nawaz, director SME and microfinance department, SBP, the workshop was attended by bankers, officials of the federal and provincial governments as well as officials of Nadra and CDC.
The ISC Consultants Prof Ron Harmer and Ms Elaine MacEachern apprised the participants about international best practices in secured transactions.
