KARACHI: In a move set to enhance the ease of investing, the Pakistan Stock Exchange (PSE) has announced a simplification of the Know Your Customer (KYC) and Account Opening procedures for its Sahulat accounts. The revised process is characterized by a substantial decrease in the data fields required for customer onboarding, indicating an effort by the PSE to facilitate quicker and more efficient investor registration.
The new, simplified Sahulat KYC & Account Opening Forms are now accessible for all Trading Right Entitlement Certificate (TRE) holders, securities brokers, and market participants on the PSX website. This initiative is seen as a step toward making the capital market more accessible to a broader segment of the population by reducing paperwork and procedural complexities.