Islamabad, Feb 10: The Securities and Exchange Commission of Pakistan (SECP) has granted a license to Tamkeen Securities (Pvt) Ltd, marking the launch of Pakistan’s first fully digital, online-only securities broker. This move is a significant step towards modernizing the country’s capital markets, improving accessibility, and democratizing investment opportunities for both retail and institutional investors.
The fully digital brokerage will allow investors to open accounts and execute trades without the need for physical visits, paperwork, or traditional brokerage processes. This initiative is part of SECP’s strategic vision to accelerate digital transformation, promote financial inclusion, and enhance Pakistan’s capital markets with innovative solutions.
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By embracing a digital-only platform, Pakistan aligns with global trends, catering to tech-savvy investors and increasing retail participation in the stock market. The fully digital onboarding process is expected to boost market liquidity and enhance investor confidence, contributing to a more robust stock market ecosystem.
Additionally, under the digital framework, Pakistan has already licensed an Asset Management Company and a life insurance company, with a digital-only non-life insurance application currently in progress. SECP is focused on developing digital intermediaries, which are seen as more cost-effective, with wider outreach and built-in compliance mechanisms. The SECP is committed to introducing technology-driven solutions to ensure a secure, transparent, and investor-friendly market.
