SECP increases Sahulat Account limit to Rs3 million

The Securities and Exchange Commission of Pakistan (SECP) increased on Saturday the investment limit for Sahulat Accounts from Rs1 million to Rs3 million. The move aims to make stock market investment easier and more accessible for small retail investors, the SECP said in a press release today. SECP has also allowed investors to open Sahulat Accounts with multiple licensed securities brokers, however, investors can maintain only one Sahulat Account with each broker. “The reform aligns the framework with practices followed in the banking and mutual fund sectors,” the commission said. READ MORE: BISP Sahulat Account: SBP unveils revised facilitation framework The Sahulat Account was introduced to enable small investors to participate in the stock market through a simplified and user-friendly account opening process.