Overview
- The Securities and Exchange Commission of Pakistan has introduced a unified digital onboarding framework to simplify and speed account opening for market investors.
- The system lets investors open a Sahulat account within one day and requires authorities to decide standard account applications within two days.
- Applicants will get a unique tracking ID to monitor their requests, brokers must give written reasons for any rejection, and previously verified customers will not need repeat checks.
- The platform supports round‑the‑clock digital processing and API-based straight-through flows to cut paperwork and reduce manual broker intervention.
- SECP set a target of growing the investor base to 2.5 million and said the reform is meant to boost retail liquidity and attract younger participants while broker compliance and technical rollout determine how fast those gains arrive.