The State Bank of Pakistan (SBP) on Thursday introduced a new digital portal that provides another online channel for individuals and businesses to invest in government securities.
The SBP said the web-based system, called InvestPak, has been developed to digitise the investment process for customers who hold rupee accounts with banks, primary dealers and microfinance banks. Until now, government securities were issued through auctions of Market Treasury Bills and Pakistan Investment Bonds, while the government has also begun generating funds through the stock market with Sukuk bonds.
By June 30, 2025, investment in government securities had climbed to Rs46.566 trillion. Scheduled banks held Rs38.7 trillion or 83 percent of the total, while corporates maintained Rs7.856 trillion or 17 percent. The inclusion of retail investors through the new digital platform is expected to increase participation in government papers and further support domestic borrowing.
The SBP noted that the portal enables customers of financial institutions to open Investor Portfolio of Securities accounts digitally, submit bids in primary auctions and conduct buy or sell transactions in the secondary market without visiting a branch. All banks have been instructed to assist customers in registering on the portal, while microfinance banks are encouraged to facilitate onboarding as well. The central bank directed all institutions to ensure efficient service and a seamless user experience.
Financial institutions have been given platform access, which supports both primary and secondary market activity. They can also adjust their treasury functions across front, middle and back office operations to align with the new system.
Individuals, joint account holders and corporates with rupee bank accounts can register using their IBAN. Those without an IPS account can request one during the registration process through their chosen financial institution.
The SBP added that users can connect multiple rupee and IPS accounts across different institutions through a single profile. Banks and financial institutions must review each registration request and respond to customers within two working days.