Pakistan's financial sector continues to develop under the oversight of the State Bank of Pakistan and the Securities and Exchange Commission of Pakistan, covering banking, capital markets and non-bank financial institutions. The Pakistan Stock Exchange serves as the country's primary equity market, supported by a regulatory framework addressing licensing, market conduct and financial stability. Banking and capital markets activity continues to expand alongside regulatory modernisation efforts across the sector. This section brings together the institutions, regulatory frameworks and market developments shaping Pakistan's financial sector, from banking supervision to capital markets structure and regulatory reform.