An employee counts Pakistani rupee notes at a bank in Peshawar, Pakistan August 22, 2023. REUTERS/Fayaz Aziz
The State Bank of Pakistan (SBP) is set to launch a new platform, InvestPak, that will allow individuals and corporations to invest directly in government securities.
By bypassing banks, investors can earn better returns, encouraging a culture of savings and investment in the economy.
“InvestPak, the Portal, means the information technology system controlled and maintained by SBP for users to submit bids online in government securities auctions, place secondary market sales and purchases of government securities, and manage their government securities portfolios.
It bears mentioning that all individuals and corporates having a bank account are eligible to invest in Pakistan government securities.
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In the past few years every bank is misleading ordinary depositors. Was not at all like that before.