Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has granted a license to Tamkeen Securities (Pvt) Ltd, the country’s first fully digital, online-only securities broker. This milestone marks a major step in modernizing Pakistan’s capital markets and increasing accessibility for investors.
Revolutionizing Brokerage Services
Tamkeen Securities will allow investors to open accounts and execute trades digitally. This eliminates the need for physical visits, paperwork, and traditional brokerage processes. The initiative aligns with SECP’s vision to drive digital transformation, promote financial inclusion, and strengthen capital markets through innovation.
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A New Era for Investors
With this development, Pakistan joins global markets that have implemented fully digital trading platforms. These platforms cater to tech-savvy investors and boost retail participation in the stock market.
The digital onboarding process is expected to attract a wider range of investors. This will enhance stock market participation, increase liquidity, and strengthen investor confidence.
SECP’s Commitment to Digital Transformation
SECP has been focusing on developing digital intermediaries. Before Tamkeen Securities, the commission licensed a digital Asset Management Company and a life insurance company. An application for a digital-only non-life insurance company is under process.
Digital intermediaries offer lower costs, wider reach, and built-in compliance mechanisms. These benefits make digital platforms an essential part of Pakistan’s financial sector growth.
Boosting Market Transparency and Efficiency
SECP remains committed to introducing innovative, technology-driven solutions. The commission continues to ensure a secure, transparent, and investor-friendly ecosystem through robust regulatory frameworks.
With Tamkeen Securities’ entry into the market, investors now have a seamless and modern way to participate in Pakistan’s stock market. This move represents a major shift toward digitalization, paving the way for more advancements in the country’s financial sector.
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