HBL has officially become the first commercial bank in Pakistan to partner with AKD Securities Limited. Consequently, this landmark HBL and AKD Securities collaboration enables real-time Pakistan Stock Exchange (PSX) trading. Furthermore, users can now open their trading accounts directly through the HBL Mobile App. HBL is seamlessly connecting digital banking with direct access to capital markets. Therefore, this defining moment will reshape the investment landscape of Pakistan’s capital market.
HBL Allows Instant PSX Trading Account Opening With AKD
Previously, opening a brokerage account required paperwork. Now, HBL customers can open a trading account with AKD Securities within minutes. Importantly, this entirely digital process completely eliminates the need for physical branch visits. Users execute everything directly on the HBL mobile platform. As a result, participating in the PSX is easier than ever before.
After setting up an account, investors need a seamless way to move money. Thus, the new integration offers real-time fund transfers. You can fund your AKD Securities account instantly using either HBL Mobile or HBL Web. Additionally, the platform provides direct access to equities brokerage, market research, and active capital market participation.
Here is the exact process to fund your trading account in real-time:
- Log into HBL Mobile App or HBL Web.
- Navigate to the Corporate Payments section.
- Select AKD Securities from the menu.
- Enter your specific Customer ID and the desired amount.
- Verify the transaction using an OTP.
Industry Leadership & Regulatory Support
This major milestone received critical support from key regulatory bodies. Specifically, the Securities and Exchange Commission of Pakistan (SECP) and the National Clearing Company of Pakistan Limited (NCCPL) backed the digital initiative.
Key industry leadership marked this historic moment in person. Muhammad Nassir Salim, President and CEO of HBL, attended the event. Aqeel Karim Dhedhi, Chairman of AKD Group, and Hina Dhedi Junaid, Chairperson of AKD Securities, also participated. Furthermore, Naveed Qazi, CEO of NCCPL, joined senior leadership from HBL, AKD Securities, and NCCPL to celebrate the launch.
