Islamabad (HRNW)- The Securities and Exchange Commission of Pakistan (SECP) has announced major amendments to the “Sahulat Account” framework to encourage individual investors on the Pakistan Stock Exchange (PSX). Under the new reforms, the investment limit through the Sahulat Account has been increased from Rs 1 million to Rs 3 million.
According to the SECP, these changes are designed to simplify the investment process and attract new investors, particularly young individuals, to the capital market through a secure and regulated system.
Key Features and Updates of Sahulat Account:
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Higher Investment Limit: Investors can now invest up to Rs 3 million through the Sahulat Account.
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Multi-Broker Facility: Investors may open Sahulat Accounts with more than one broker; however, each broker can maintain only one Sahulat Account.
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Simple Registration: The account can be opened using only a Computerized National Identity Card (CNIC) without requiring complex documentation.
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Online Access: Accounts can also be opened online, ensuring convenience for users.
According to data released by the SECP, the number of individual investor sub-accounts in the stock market currently stands at 542,000, while the total number of investor accounts and Roshan Digital Accounts has reached 144,000.
The commission has advised the public, especially the youth, to invest through the legal and secure platform of the Pakistan Stock Exchange rather than using unauthorized foreign investment platforms.
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