Karachi: Pakistan Stock Exchange (PSX) and Central Depository Company of Pakistan Limited (CDC), in coordination with the Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP), have announced the removal of transactional limits on funds transferred through the EIPO (Electronic Initial Public Offering) system. This change is intended to enhance the investment process in IPOs, allowing investors to participate without financial restrictions.

According to Pakistan Stock Exchange Limited, a memo issued by 1Link, with the support of SBP, has directed all member banks to eliminate the previous caps on electronic payments for EIPO transactions. This adjustment is aimed at providing a fully digitized investment experience for market participants engaging in IPOs through the EIPO platforms.

The initiative was highlighted by Mr. Farrukh H. Khan, MD and CEO of PSX, who emphasized the exchange’s commitment to improving accessibility for investors and stakeholders. He noted that this move, facilitated by cooperation with CDC and backed by SECP and SBP, aligns with PSX’s ongoing efforts to support market expansion and investor engagement.