SECP introduces unified framework for 'faster and easier' entry into Pakistan's capital market

The Securities and Exchange Commission of Pakistan has rolled out a single digital onboarding system for new investors, according to a Friday statement. Under the scheme, Sehl or Sahulat accounts will be cleared in a single working day, while standard accounts will take up to two working days. Applicants will be given tracking IDs, and any shortcomings will be flagged within the set timeframe, with written reasons provided for any rejection.

The framework targets first-time and online investors. Where an eligible regulated institution or notified third party has already verified an investor, other firms can rely on that check instead of making the person repeat it. The same onboarding rules now cover brokerages, fund managers, insurers and other licensed intermediaries, giving customers a more uniform experience. Digital sign-ups will use API connections, enabling instant UIN issuance plus the opening of CDC sub-accounts, which cuts paperwork.

The move is part of a broader push to bring more young Pakistanis into the market, with a goal of reaching 2.5 million investors. SECP Chairman Dr Kabir Ahmed Sidhu said the aim is to tap the market's underused potential by making entry simpler and more accessible. Separately, the government set up the Capital Market Development Fund (CMDF) a few months ago to support financial literacy and inclusion.