ISLAMABAD (HRNW): The Securities and Exchange Commission of Pakistan (SECP) has announced significant reforms to the “Sahulat Account” framework, aiming to simplify and encourage retail investment in the Pakistan Stock Exchange (PSX). In a major update, the investment limit for Sahulat Accounts has been increased from Rs 1 million to Rs 3 million.
According to the SECP, these measures are designed to provide a more accessible entry point for first-time investors, particularly the youth. Key highlights of the new policy include:
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Expanded Limits: Investors can now invest up to Rs 3 million through their Sahulat Accounts.
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Multiple Brokerage Options: Investors are now permitted to open Sahulat Accounts with more than one broker, though they are limited to one account per brokerage house.
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Simplified Onboarding: Accounts can be opened online or in person using only a CNIC, eliminating complex documentation requirements.
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Current Market Data: The SECP reported that there are currently 542,000 individual sub-accounts in the stock market, while Investor Accounts and Roshan Digital Accounts (RDA) total 144,000.
The SECP has strongly urged citizens, especially young professionals, to utilize these regulated channels for capital market investment. The commission cautioned the public to avoid unauthorized foreign investment platforms and instead invest through the legal and protected framework of the Pakistan Stock Exchange.
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