The Securities and Exchange Commission of Pakistan (SECP) has rolled out a unified digital onboarding framework aimed at cutting the time and paperwork required to open capital market investor accounts across Pakistan.
Under the new system, Sehl/Sahulat accounts will be processed within one working day, while Normal Accounts will be completed within two working days.
The framework, issued through Circular No. 19 of 2026, standardizes onboarding requirements across securities brokers, asset management companies, insurers and other regulated intermediaries, ensuring a consistent investor experience across the regulated financial sector.
It is designed primarily to facilitate first-time and digital investors by reducing repetitive verification and simplifying documentation. Applicants will be issued tracking IDs to monitor their account status. Any deficiencies will be communicated within the prescribed timeframe, and reasons for rejection will be provided in writing.
A central feature of the framework is the elimination of repetitive customer verification. Where an eligible regulated financial institution or notified third party has already completed the prescribed verification, intermediaries can rely on that record instead of requiring investors to undergo the process again.
The framework also introduces API-based straight-through processing and digital onboarding, including instant issuance of Unique Identification Numbers and opening of Central Depository Company sub-accounts, cutting paperwork and manual intervention.
The initiative forms part of the broader strategy of the regulator to expand retail participation in the capital market, particularly among young Pakistanis, with the goal of raising the investor base to 2.5 million.
SECP Chairman Dr. Kabir Ahmed Sidhu said the focus of SECP is on removing entry barriers and using technology to make the investor journey simpler and more accessible, adding that the aim is to unlock the untapped potential of the capital market by broadening participation, especially among youth.
