Overview
- The Securities and Exchange Commission of Pakistan and the Central Depository Company confirmed that the Asaan Connect app will launch in July 2026 to simplify investor onboarding.
- Asaan Connect creates a single investor profile with one-time KYC/AML checks so users can use the same verified identity to open accounts for stocks, mutual funds, insurance products.
- SECP Chairman Dr Kabir Ahmed Sidhu endorsed the project and pledged full regulatory support for the platform as part of efforts to make investing simpler, safer, and more accessible.
- CDCPL’s board also discussed governance changes to separate core depository duties from non-core trustee and service businesses and to consider listing non-core units on the Pakistan Stock Exchange.
- Officials say the app could expand financial inclusion by lowering paperwork and speeding account setup for younger and previously excluded retail savers while regulators monitor investor protection and market integration.