Oraan has announced plans to offer education financing after securing a Non-Banking Finance Company (NBFC) license. The company aims to address the rising costs and accessibility issues plaguing Pakistan’s education sector.
According to Oraan, the average cost of tertiary education in Pakistan has surged to PKR 574,472 annually, a significant burden for many families. Additionally, the disparity in education quality between public and private institutions further exacerbates the problem.
With the new NBFC license, Oraan intends to provide accessible and inclusive financing options to students. The company has been working closely with educational institutions and students to understand their needs and develop tailored financial solutions.
Oraan expressed gratitude to the Securities and Exchange Commission of Pakistan (SECP) for granting the NBFC license and to the educational institutions and students who have supported their efforts.
