The Pakistan Stock Exchange (PSX) has introduced a Sahulat Account for people who intend to invest in the stock market. Any potential investor, including students, housewives, freshly employed people and others, can open an account using online channels. It is considered an ideal account to invest in the equity market. The initiative will increase domestic investors and help grow and raise the country’s capital market.
According to a statement by PSX, customers can open their accounts with stockbrokers without submitting any specific evidence of the source of income, such as salary slips or bank statements. For opening an account, the CNIC of the customer will be needed along with the investment amount of Rs800,000. The Sahulat account will provide greater accessibility to individual investors and increase the number of investors in the stock market.
The ruling government has introduced several initiatives to develop the country’s capital market, including Roshan Digital Account (RDA), RAAST for dividend payment, and Know Your Customer (KYC) in collaboration with the capital market and commercial banks. The recent improvements in account opening, including the Know Your Customer (KYC) programme, have made it easier for investors to open a brokerage account and benefit from investing in the stock market. The Sahulat account will provide greater accessibility to individual investors and increase the number of investors in the stock market. The Pakistan Stock Exchange continues its efforts to expand its outreach and become accessible to investors.
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