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Regarding Regulation of Leasing and Finance
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| 1 | Bus.Permit Issued By | : | Others (Securities and Exchange Commission of Pakistan) |
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| 2 | Business Requirement | |||||
| * | Bus.Requirement Percentage (%) of Foreign Ownership Allowed | : | 100% |
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| * | Bus. Requirement Minimum Capital Requirements | : | Investment Finance (Rs.300 million), Leasing (Rs.200 million), Venture Capital (Rs.5 million), Discounting Services (Rs.200 million), Investment advisory & asset Management (Rs.30 million), Housing Finance (Rs.100 million) |
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| * | Bus. Requirement Number Of Active Companies in Operation | : | 17 Leasing Companies |
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| * | Bus. Requirement New Business Permit | : | Allowed |
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| 3 | Bus. Activities Include | : | Leasing, Consumer Financing, Factoring, Credit Cards, Others (Housing Finance, Working capital, Asset Management, Term Finance, Venture Capital, Capital Market) |
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| 4 | Products Financed | : | Automotives (4 wheelers, 2 wheelers, Trucks, Transportation Vehicle (buses), Heavy Equipment, Machineries, Electronic Devices (computer, AC), Others (Reverse Osmosis Plants, Power Generators, Consumer Durables, Housing Units) |
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| 5 | Source Of Funds | : | Banks (on-shore & off-shore), Capital Market / Share Issuance, Capital Market / Bonds, Private Placement by Pension Funds, Private Placement by Insurance Companies, Deposit taking from the public (Certificates of Investments). |
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| 6 | Loans | : | Source Of Loans : Domestic (Provided By The Government - LMM Financing through SBP and Provided Private Sector),Regulation in relation to Gearing Ratio Borrowings less or equal than 10 times of Equity of NBFC |
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| 7 | Accounting Treatment | |||||
| * | Allowance for Bad-Debt & Write-Offs(%) | : | ≥ 1 Year (20%), ≥ 2 Years (50%), ≥ 3 Years (100%) |
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| * | Tax Deductible | : | 35 % |
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| 8 | Taxes | |||||
| * | Corporate Tax rate Regulation (%) | : | 35 % | |||
| * | Withholding Tax Regulation (%) | : | 3.5 % - 10 % | |||
| * | VAT Regulation (%) | : | - | |||
| * | Sales & Leaseback Regulation / Vat Implemented or not | : | - | |||
| 9 | Legal Aspects | : | Criminal proceeding allowed in case of bounced cheques |
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| 10 | Reporting Mechanism-Supervision | : | Central Bank, Others (Securities and Exchange Commission of Pakistan) |
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| 11 | Constraints In Operation | : | Borrowings from banks/Cost of Funds, Competition from Banks |
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| 12 | Opportunites in Business | : | Small and Medium Enterprises, Housing Finance, Consumer Finance, Operating Lease |
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| 13 | Miscellaneous | : | - |
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