KARACHI: Individuals under the age of 18 can now open trading accounts in Pakistan’s capital markets, following detailed guidelines issued by the Pakistan Stock Exchange (PSX) in collaboration with the National Clearing Company of Pakistan Limited (NCCPL) and the Central Depository Company of Pakistan Limited (CDC).
This initiative, developed under the supervision of the Securities and Exchange Commission of Pakistan (SECP), represents a significant step toward enhancing financial inclusion and raising investor awareness nationwide.
As per the PSX, these guidelines are designed to instill a culture of saving, investment, and financial discipline among younger generations by facilitating their early involvement in capital markets through formal investment avenues. This move is poised to play a vital role in shaping a financially literate and responsible generation.
The new framework outlines a structured process, operational terms, and conditions for opening and managing minor trading accounts, which will be operated under the supervision of natural or court-appointed guardians.
To ensure investor protection, the procedure incorporates easy accessibility along with stringent compliance and operational safeguards.
Additionally, the guidelines detail the transition process for converting a minor’s account into a regular trading account once they turn 18, including considerations for tax implications and security transfers.
Market experts consider this initiative as a forward-thinking development aimed at increasing participation within Pakistan’s capital markets.
By enabling young individuals to engage with financial instruments at an early stage, PSX and its collaborating entities are fostering a more inclusive and investment-driven economy aligned with SECP’s broader reform vision.
