The State Bank of Pakistan (SBP) has introduced a digital platform, ‘InvestPak’, to streamline investments in government securities for individuals and corporate customers holding Pak rupee accounts with financial institutions.
According to a circular issued on Wednesday, the portal will allow users to digitally open Investor Portfolio of Securities (IPS) accounts, participate in primary auctions of government securities, and execute buy or sell transactions in the secondary market — all without physically visiting their banks.
The central bank announced that the portal will be operational from November 6 (Thursday) and has been developed to support both primary auction participation and secondary market trading. Financial institutions will be able to integrate the system with their treasury operations, including front, middle, and back-office functions.
“All individuals, joint account holders, and corporates with a PKR bank account are eligible to register on the portal using their IBAN,” the SBP said, adding that users can manage multiple IPS accounts across different financial institutions through a single registered profile.
The SBP will upload auction schedules for government securities on the platform in line with its official calendar. Financial institutions are required to facilitate their customers’ participation in these auctions via the portal.
The circular further stated that customers will be able to buy or sell government securities in the secondary market by requesting quotes from their banks for same-day or forward settlement. Banks will be responsible for providing firm quotes and ensuring transparent execution of customer transactions.
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