Karachi, January 17, 2025 – The Pakistan Stock Exchange (PSX) and 1LINK (Pvt) Limited have entered into a strategic agreement to enhance the book building process by introducing advanced online payment solutions. The revamped Book Building System (BBS) will allow participants to make seamless payments exceeding Rs 1 million through the 1LINK 1BILL platform. This development marks a significant step in modernizing Pakistan’s capital market and improving the investor experience.
Advanced Book Building Features
The upgraded BBS, designed indigenously by PSX, offers a user-friendly interface and robust functionalities. It supports multiple book-building activities simultaneously, catering to institutional investors and high-net-worth individuals. The system’s new features aim to streamline the bidding process, enhance transparency, and improve overall efficiency for market participants.
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Agreement Signing Ceremony
The agreement was signed by PSX Managing Director and CEO, Mr. Farrukh H. Sabzwari, and 1LINK CEO, Mr. Najeeb Agrawalla, during a ceremony attended by senior officials, including Mr. Imran Inayat Butt, Executive Director of the Securities Market Division, SECP.
Speaking at the event, Mr. Farrukh Sabzwari highlighted the importance of the collaboration, stating, “This enhancement of the PSX Book Building System is a game-changer for the capital market. It simplifies payment processes for IPOs, introduces automation, and raises payment limits, ensuring greater convenience, transparency, and efficiency for investors.”
Support from Key Institutions
Mr. Sabzwari also expressed gratitude to the Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) for their guidance in aligning the system with global best practices.
Enabling Seamless Online Payments
Mr. Najeeb Agrawalla, CEO of 1LINK, emphasized the transformative impact of this partnership, stating, “This collaboration with PSX represents a milestone in modernizing Pakistan’s capital markets.
Improved Accessibility and Transparency
The enhanced BBS promises a smooth and efficient IPO experience for stakeholders, ensuring that investors can participate with ease. With the integration of advanced payment mechanisms and a modern interface, the new system aims to simplify processes for institutional and retail investors alike, fostering a more inclusive capital market.
Future Outlook
The full implementation of the enhanced Book Building System is expected in the coming weeks. It represents a leap forward in Pakistan’s financial landscape, setting a benchmark for innovative and investor-friendly practices in the capital market.
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