Islamabad – The Securities and Exchange Commission of Pakistan (SECP) has granted a license to Tamkeen Securities (Pvt) Ltd, making it the country’s first fully digital, online-only securities broker. This milestone marks a significant step in modernizing Pakistan’s capital markets, enhancing accessibility, and democratizing investment opportunities for retail and institutional investors nationwide.
According to an official statement from SECP, the licensing of Tamkeen Securities aligns with its strategic vision to accelerate digital transformation, promote financial inclusion, and strengthen Pakistan’s capital markets through technological innovation. The newly licensed brokerage house will enable investors to open accounts and execute trades entirely online, eliminating the need for physical visits, paperwork, or traditional brokerage channels.
With this development, Pakistan joins the ranks of global markets that have successfully implemented fully digital trading platforms. The move caters to the evolving needs of tech-savvy investors and is expected to boost retail participation in the stock market. The digital onboarding and transaction process will likely attract a broader range of investors, enhance market liquidity, and strengthen investor confidence.
SECP emphasized that developing digital intermediaries is a key focus area, given their ability to offer a lower cost structure, wider outreach, and built-in compliance mechanisms. Prior to this, SECP had licensed a digital Asset Management Company and a life insurance company under its digital framework. Additionally, an application for a digital-only non-life insurance company is currently under review.
SECP remains committed to introducing innovative, technology-driven solutions and ensuring a robust regulatory framework to support a secure, transparent, and investor-friendly ecosystem in Pakistan’s financial sector.
