In a groundbreaking move aimed at fostering a culture of savings and investment, the State Bank of Pakistan (SBP) is set to unveil InvestPak, an innovative platform that will enable individuals and corporations to directly invest in government securities.
This initiative is designed to bypass intermediaries such as banks, offering investors the opportunity to earn higher returns while simplifying the investment process. By enhancing accessibility, the SBP aims to attract a broader range of participants and strengthen the country’s financial ecosystem.
According to the central bank, “InvestPak, the Portal, refers to the information technology system controlled and maintained by the SBP, allowing users to submit bids in government securities auctions, execute secondary market transactions, and manage their government securities portfolios.”
Eligibility Requirements
All individuals and corporations holding a bank account in Pakistan will be eligible to invest through the platform. This inclusive approach is expected to empower more people to actively participate in financial markets, contributing to economic growth and stability.
By streamlining access to government securities, InvestPak seeks to encourage a shift towards productive investments, reducing reliance on traditional savings methods and strengthening the domestic capital market.
The launch of InvestPak underscores the SBP’s commitment to leveraging technology for financial inclusion and innovation, aligning with its broader agenda of modernizing Pakistan’s financial infrastructure.
