The Securities and Exchange Commission of Pakistan (SECP) has granted a license to Tamkeen Securities (Pvt) Ltd, the country's first fully digital, online-only securities broker. This milestone represents a significant step toward modernizing Pakistan’s capital markets, enhancing accessibility, and democratizing investment opportunities for retail and institutional investors.

The new digital brokerage will enable investors to open accounts and execute trades without the need for physical visits, paperwork, or traditional brokerage channels. This initiative aligns with SECP’s strategic vision to accelerate digital transformation, promote financial inclusion, and strengthen Pakistan’s capital markets through innovation.

With this development, Pakistan joins global markets that have successfully implemented fully digital trading platforms, catering to tech-savvy investors and boosting retail participation in the stock market. The fully digital onboarding process is expected to attract a broader range of investors, fostering increased stock market participation, enhancing liquidity, and strengthening investor confidence. Developing digital intermediaries is a focus area for the SECP.

Previously, under the digital framework, licenses have been issued to an Asset Management Company and a life insurance company, while an application for a digital-only non-life insurance provider is under process. Digital intermediaries offer lower costs, wider outreach, and built-in compliance mechanisms.

The SECP remains committed to strengthening Pakistan’s capital markets by introducing innovative, technology-driven solutions and ensuring a robust regulatory framework that supports a secure, transparent, and investor-friendly ecosystem.
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