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Business Recorder
08-08-2025
- Business
- Business Recorder
Here's how to invest in Pakistan Stock Exchange
The Pakistan Stock Exchange (PSX) has been flying high for past several months fuelled by various factors, including strengthened macroeconomic indicators. Capitalising on the economic boom, a plethora of investors has made exponential growth, particularly in the last one and a half years. Influencers and traders are wooing new investors to commit their capital in the stock market in order to gain financial returns, even though there is bright chance of losing it as well. Before you start investing in the PSX, you have to open an investing account with a brokerage firm. This firm will act as your intermediary to the stock market. Opening an account and starting to invest can be done with a small amount of capital. To find a brokerage firm, you can visit Here you will see a slide-out menu on the right. Hover your cursor over it and click on Find a Brokerage Firm. On this page you will find a list of brokers who deal online as well but some of them deal physically only. Right above this list, you can find a bar titled List of Brokers Facilitating Online Account Opening, clicking on this will download a list of brokers facilitating online account opening. You can choose a brokerage house of your choice, preferably from the renown ones, which you can find in a list of top 10 brokers on PSX website's main page as well. After technical issues, stock brokers association slams PSX for 'new trading system' After choosing your brokerage firm, go to its website. Here you can find Account Opening Form. You need to open two types of accounts with the firm: Trading Account: This is your account with the brokerage firm, used to place buy and sell orders. Central Depository Company (CDC) Account: This is where your shares are electronically stored. The CDC is the central custodian for all shares traded in Pakistan. Your broker will facilitate the opening of this account for you. Required documents: A completed account opening form (provided by the broker). A copy of your Computerised National Identity Card (CNIC). Proof of income (salary slip or bank statement or business letter head) is required. A recent utility bill. Nominee details, if any (CNIC of your nominee). Your brokerage firm will provide you with a login details for their online trading portal. After your accounts are opened, you need to deposit money into your trading account. This can typically be done through: Online bank transfer. Cheque deposit. Cash deposit at the brokerage firm's office. Your investment amount can be as low as the price of a single share, though brokers may have a minimum deposit requirement to start. Take some time to familiarise yourself with the platform. Learn how to search for stocks, view real-time prices, and understand the basic layout. Research companies you are interested in. Look at their performance, business model, and news related to their sector. For placing an order, log in to your trading account. Find the stock you want to buy. PSX extends record streak, KSE-100 crosses 146,000 level Select the number of shares and the price you are willing to pay or buy at the current market price. Confirm your order. Once the transaction is complete, the shares will be transferred to your CDC account, and the money will be deducted from your trading account. You are now officially an investor in the PSX. What to see when investing? There are various kinds of investments through which people make profits. The fundamental tip for ending up in profit is be patient and don't get carried away by sentiments, as explained by IGI Securities Assistant Manager Equity & Commodity Sales Inam Shakir. 'People end up in loss when they panic sell their shares,' said Inam, speaking to Business Recorder. Sharing an anecdote, he said two brothers, MBBS doctors by profession, invested millions of rupees and one made substantial gains while the other tanked badly. 'They invested in the stock market the same day in 2018 — one Rs4.6 million and the other Rs1.8 million. The one who invested Rs4.6 million suffered huge loss and was left with Rs0.15 million only, whereas the one who invested Rs1.8 million has accumulated gains more than Rs11 million over his principal investment amount,' he said. The difference between them, he said, was that one was doing day trading, like he tried to fish profits on a daily basis and suffered back to back losses and the other reaped benefit through dividends and long term investment. Explaining margin trading/ margin financing, Inam said it involves borrowing money from brokerage house, which mostly charges just the transaction fee for each share and sometimes charges interest too over the aggregate amount, for making investment on a confidence that the investor will get profit over it. This money is lent for one month and if the investor fails to make transaction within this time for whatever reason, he has to pay 25% over the borrowed money, he said. The above article was contributed by Baseer Ahmed, Head of Political Desk at Business Recorder (Digital).
Business Recorder
08-08-2025
- Business
- Business Recorder
How to open PSX account and start investing?
The Pakistan Stock Exchange (PSX) has been flying high for past several months fuelled by various factors, including strengthened macroeconomic indicators. Capitalising on the economic boom, a plethora of investors has made exponential growth, particularly in the last one and a half years. Influencers and traders are wooing new investors to commit their capital in the stock market in order to gain financial returns, even though there is bright chance of losing it as well. Before you start investing in the PSX, you have to open an investing account with a brokerage firm. This firm will act as your intermediary to the stock market. Opening an account and starting to invest can be done with a small amount of capital. To find a brokerage firm, you can visit Here you will see a slide-out menu on the right. Hover your cursor over it and click on Find a Brokerage Firm. On this page you will find a list of brokers who deal online as well but some of them deal physically only. Right above this list, you can find a bar titled List of Brokers Facilitating Online Account Opening, clicking on this will download a list of brokers facilitating online account opening. You can choose a brokerage house of your choice, preferably from the renown ones, which you can find in a list of top 10 brokers on PSX website's main page as well. After technical issues, stock brokers association slams PSX for 'new trading system' After choosing your brokerage firm, go to its website. Here you can find Account Opening Form. You need to open two types of accounts with the firm: Trading Account: This is your account with the brokerage firm, used to place buy and sell orders. Central Depository Company (CDC) Account: This is where your shares are electronically stored. The CDC is the central custodian for all shares traded in Pakistan. Your broker will facilitate the opening of this account for you. Required documents: A completed account opening form (provided by the broker). A copy of your Computerised National Identity Card (CNIC). Proof of income (salary slip or bank statement or business letter head) is required. A recent utility bill. Nominee details, if any (CNIC of your nominee). Your brokerage firm will provide you with a login details for their online trading portal. After your accounts are opened, you need to deposit money into your trading account. This can typically be done through: Online bank transfer. Cheque deposit. Cash deposit at the brokerage firm's office. Your investment amount can be as low as the price of a single share, though brokers may have a minimum deposit requirement to start. Take some time to familiarise yourself with the platform. Learn how to search for stocks, view real-time prices, and understand the basic layout. Research companies you are interested in. Look at their performance, business model, and news related to their sector. For placing an order, log in to your trading account. Find the stock you want to buy. PSX extends record streak, KSE-100 crosses 146,000 level Select the number of shares and the price you are willing to pay or buy at the current market price. Confirm your order. Once the transaction is complete, the shares will be transferred to your CDC account, and the money will be deducted from your trading account. You are now officially an investor in the PSX. What to see when investing? There are various kinds of investments through which people make profits. The fundamental tip for ending up in profit is be patient and don't get carried away by sentiments, as explained by IGI Securities Assistant Manager Equity & Commodity Sales Inam Shakir. 'People end up in loss when they panic sell their shares,' said Inam, speaking to Business Recorder. Sharing an anecdote, he said two brothers, MBBS doctors by profession, invested millions of rupees and one made substantial gains while the other tanked badly. 'They invested in the stock market the same day in 2018 — one Rs4.6 million and the other Rs1.8 million. The one who invested Rs4.6 million suffered huge loss and was left with Rs0.15 million only, whereas the one who invested Rs1.8 million has accumulated gains more than Rs11 million over his principal investment amount,' he said. The difference between them, he said, was that one was doing day trading, like he tried to fish profits on a daily basis and suffered back to back losses and the other reaped benefit through dividends and long term investment. Explaining margin trading/ margin financing, Inam said it involves borrowing money from brokerage house, which mostly charges just the transaction fee for each share and sometimes charges interest too over the aggregate amount, for making investment on a confidence that the investor will get profit over it. This money is lent for one month and if the investor fails to make transaction within this time for whatever reason, he has to pay 25% over the borrowed money, he said.
Business Recorder
07-08-2025
- Automotive
- Business Recorder
CNIC-based number plates to remain with owner after vehicle sale, Sindh cabinet approves plan
The Sindh cabinet approved on Thursday a proposal by the Excise department to introduce a CNIC-based vehicle registration system, along with personalised registration marks (PRMs), under which the number plate will remain with the owner even after they sell the vehicle. The new system would link registration marks directly to a vehicle owner's CNIC (Computerised National Identity Card) rather than the vehicle's chassis, allowing owners to retain and reuse their personalised number plates even after selling their vehicle, the Chief Minister House said in a statement. Here's how to apply for new Ajrak design number plates online 'The cabinet, in principle, approved the CNIC-based registration model and its legal amendments to bring Sindh's system in line with global best practices and recent reforms in the Islamabad Capital Territory,' the statement read. 'The Vehicle Identification Number (VIN) will now be based on the chassis number, which remains the permanent identifier of the vehicle. 'PRMs can be retained, reused, or surrendered by owners. The system enables real-time traceability of vehicles and aligns with international standards. CNIC-linked registration promotes easy tracking of taxpayer assets and improves administrative convenience,' it added. 'It will be a modernised, owner-centric registration system with integration with NADRA's national database. It will have enhanced traceability and standardisation across provinces.' Under the model, number plates will be retained by owners, and upon sale of a vehicle, the plate is detached from the chassis and can be reassigned. If not retained, the number will be surrendered for auction or reissuance. 'I had to skip work again': Karachiites struggle with Ajrak number plates process Sindh Chief Minister Syed Murad Ali Shah directed the Excise & Taxation Department to develop the CNIC-based system and begin its testing, followed by amending the necessary law. 'The CNIC-based vehicle registration would not be implemented immediately, but he [CM Sindh] would hold follow-up meetings to oversee its implementation once it has been properly tested.' The development comes amid the provincial government's campaign for new Ajrak-design number plates, which it links with the Safe City Project began in 2018. The new plates, according to Sindh's Excise and Taxation minister Mukesh Kumar Chawla, include threads in the background, 3D holograms, and barcodes. He has emphasised that Safe City Project would not succeed until the security-enhanced number plates issued by the government were fully implemented. Seizure of unregistered customs vehicles Meanwhile, Sindh government proposed standard operating procedures (SOPs) for the registration of confiscated or seized government vehicles with tampered chassis or cut-and-weld alterations. Number plates with Ajrak design: only Excise-issued plates are valid, says minister The SOPs allow only federal and provincial government entities to register such vehicles under special non-transferable registration series (GPY/GPZ for federal, GSY/GSZ for provincial). 'The registration fee will be based on the vehicle's invoice value, and thorough verification will be required before registration. Seized vehicles currently with the Sindh Excise Department may be released to Pakistan Customs, provided they are registered within 60 days under the new SOPs. The proposal has been submitted to the provincial cabinet for approval.' The cabinet formed a committee under the Minister of Excise to firm up the proposal under the law.
Express Tribune
04-08-2025
- Express Tribune
Probe ordered after woman wrongly declared dead
The Lahore High Court has disposed of a petition filed by a woman whose Computerised National Identity Card (CNIC) was cancelled after she was mistakenly declared dead, despite being alive. Justice Raheel Kamran issued directions for an investigation and ordered the restoration of the woman's salary and official documentation, following confirmation by NADRA and police officials that the petitioner was, in fact, alive. During proceedings, representatives from the National Database and Registration Authority (NADRA) and local police appeared before the court. The petitioner's counsel informed the bench that a forged death certificate had been issued by the Municipal Committee Mureedkay and submitted to NADRA on June 12. Based on this certificate, her CNIC was cancelled. The petitioner, an employee in the Medical Department of the Lahore Development Authority (LDA), faced suspension of her salary due to the blocked Computerised National Identity Card (CNIC). Her counsel alleged that her estranged husband, upset over a dissolution of marriage suit, orchestrated the scheme by obtaining a fake death certificate to cause her financial and reputational harm. Police officials confirmed that an FIR had been registered against the husband for the alleged forgery. NADRA representatives informed the court that the woman's CNIC had now been reinstated. The Lahore Development Authority's (LDA) legal counsel also assured the court that the petitioner's salary would be resumed upon reactivation of her salary account. Justice Kamran directed the opening of a new bank account for the petitioner and instructed the Lahore Development Authority (LDA) to process pending salary payments accordingly. Additionally, he ordered the DIG (Investigation) to conduct a thorough inquiry into the matter and take appropriate legal action against those responsible for the fraudulent declaration. The petition was subsequently disposed of.
NDTV
09-07-2025
- Politics
- NDTV
Ex-Pakistan Foreign Minister Fact-Checked On Terrorist's Funeral Photo
Islamabad: Pakistan's former Foreign Minister Hina Rabbani Khar faced an awkward and embarrassing moment on live television when she was fact-checked on camera for trying to portray a globally sanctioned terrorist as a " common man". During an interview with Al Jazeera, Ms Khar tried to further Pakistan's claim that Hafiz Abdur Rauf, who led the funeral of terrorists killed in India's May 7 "Operation Sindoor," was just a common Pakistani man and not the infamous US-proscribed global terrorist. "I am telling you, with authority, with evidence which has been shared with the whole world, that this is not the man that you (India) are claiming it to be. That this is not the man that you are claiming it to be. There are a million Abdul Raufs in Pakistan," the Pakistani politician said, showing the widely circulated image of Rauf at the funeral procession. The interviewer interjected, noting that the Pakistan army, in a press conference after Operation Sindoor, did not say the image was fake. "They said that he's a member of a political party, and they released his national ID number. That ID number is the same one as on the US sanctions list. So, according to the US sanctions terrorist list, this man is a terrorist," the journalist said. "The Pakistani army is defending him." Ms Khar tried to save face, saying, "The Pakistani army is defending this man (in viral photo). The Pakistani army is not defending the person who is proscribed by the US." The interviewer reminded her that the national ID numbers of the US-proscribed terrorists and the man in the photo are the same. The Pakistani politician replied, "The ISPR (Inter-Services Public Relations of Pakistan Army) categorically has said that this is not the same person, and you just sat over here and told me that they just defended him and did not say it is not the same person." Pakistan's False Claim On Abdur Rauf As soon as the pictures of Rauf being present at the funerals went out, the Pakistani army tried to save face and called him a "common man." In the process, Pakistan's Director General of ISPR, Ahmed Sharif Chaudhry, claimed the person who had led the prayers of terrorists killed at the Lashkar-e-Taiba headquarters in Mudrike, Pakistan's Punjab, during Operation Sindoor was a preacher and a member of the Pakistan Markazi Muslim League (PMML) party with "three daughters, son." He also outed crucial details of Rauf, including his national identity number, which matched details in the database of the US sanction list of terrorists. During a press conference, Chaudhry mentioned that the man's Computerised National Identity Card number was 35202-5400413-9, while his date of birth was March 25, 1973, and that he was a resident of Lahore. The identity details shared by DG ISPR completely matched the details of Hafiz Abdur Rauf, a member of LeT's senior leadership since at least 1999 and chief of Falah-i-Insaniat Foundation, who is on the United States' " Specially Designated Nationals and Blocked Persons list." Add image caption here Per the US database, the number of addresses against Rauf, including 4 Lake Road; two Room No. 7 Choburji Dola Khurd; 129 Jinnah Block; 5-Chamberlain Road -- all in Pakistan's Lahore -- besides Awan Town, Multan Road, 33, Street No. 3, District Khanewal. The OFAC database also gives his National ID No: NIC 277-93-113495, Pakistani passport CM1074131 that Pakistan issued on October 29, 2008, which expired in 2013 and another passport booklet: A7523531 also issued by Pakistan.
