June 24, 2026 (MLN): Tasdeeq, a leading credit information and analytics firm regulated by the State Bank of Pakistan (SBP), is preparing to launch its Initial Public Offering (IPO) on the Pakistan Stock Exchange (PSX).
Should the offering proceed, Tasdeeq would become the first publicly listed credit bureau in South Asia, as indicated in a press release.
Topline Securities, acting as the offering’s consultant and advisor, considers the IPO a milestone for Pakistan’s capital market, providing investors exposure to a distinctive, data‑driven business operating in an oligopolistic market with high entry barriers and robust regulatory backing.
Tasdeeq benefits from mandatory Credit Information Bureau (CIB) requirements for financial institutions, maintains a large proprietary database, and offers an expanding suite of analytics and third‑party price‑validation services.
The company is governed by a strong board that satisfies the SBP’s “Fit and Proper” test criteria and is led by an experienced management team.
The firm has experienced exponential revenue and profit growth in recent years, driven by the significant operating leverage of its asset‑light business model.
Tasdeeq’s scalable business model and growing emphasis on business‑to‑consumer (B2C) solutions position it to capitalize on the rising demand for data and digital financial services.
The proposed listing is expected to deepen Pakistan’s equity market further, giving investors exposure to a high‑growth, technology‑enabled franchise with recurring revenues and substantial long‑term growth potential.
