Tasdeeq to Launch PSX IPO as South Asia’s First Publicly Listed Credit Bureau

Tasdeeq, a credit information and analytics company regulated by the State Bank of Pakistan (SBP), is set to launch an initial public offering (IPO) on the Pakistan Stock Exchange (PSX), becoming the first credit bureau in South Asia to be publicly listed.

Topline Securities, the adviser and consultant to the offering, described the IPO as a significant development for Pakistan’s capital market. The listing will provide investors with an opportunity to invest in the country’s credit information sector.

Tasdeeq operates under the SBP’s regulatory framework and provides credit information, analytics, and third-party price validation services. The company also maintains a proprietary database and serves financial institutions that are required to comply with Credit Information Bureau (CIB) regulations.

The company said its board meets the SBP’s Fit and Proper Test requirements and is supported by an experienced management team.

According to the company, Tasdeeq has recorded strong growth in revenue and profitability in recent years, supported by its asset-light business model. It is also expanding its business-to-consumer (B2C) offerings alongside its existing services for financial institutions.

The proposed listing is expected to broaden investor participation in Pakistan’s capital market and mark the first public listing of a credit bureau in the South Asian region.