Karachi: Next Capital Limited has become the first securities broker in Pakistan to receive a license to act as a securities manager, this significant development, effective August 25, 2025, allows the company to expand its services by launching portfolio management and investment advisory solutions.

The Securities and Exchange Commission of Pakistan (SECP) granted this license under Sections 68 and 69 of the Securities Act, 2015, marking a notable milestone for Next Capital Limited and the broader capital markets. The introduction of these new services is expected to enhance the company's ability to offer value-added solutions to its clients, thereby contributing to the growth and depth of Pakistan's financial landscape.

According to information available from the Pakistan Stock Exchange (PSX), in a related announcement, Tariq Corporation Limited has appointed Mr. Rizwan Sohail as Chief Operating Officer, effective August 21, 2025. The company has communicated this change to the TRE Certificate Holders of the Exchange. This appointment is part of the company's ongoing efforts to strengthen its operational leadership.

Next Capital's new license underscores its commitment to broadening its investment solution offerings, which is anticipated to have a big move in the designated market category. The company's strategy focuses on serving clients with a comprehensive range of investment opportunities while supporting the development of Pakistan's capital markets.