PAKISTAN: PSX Announces Removal of Limits on Transactions Made through EIPO System

Monday September 2 2024

On 30^th August 2024, Pakistan Stock Exchange (PSX) and Central Depository Company of Pakistan Limited (CDC) announced that they have collaborated  with the Securities & Exchange Commission of Pakistan (SECP) and State Bank of Pakistan (SBP) to ensure that Investors participating in the Initial Public Offerings to have a seamless experience.

As part of the initiative, 1Link with the support of SBP has instructed all its member banks to remove the limits on transfer of funds for transactions executed through Electronic Initial Public Offering System (EIPO) platforms. Previously such electronic payments were subject to transactional limits imposed by the Banks.

This step will enable investors to invest in an IPO (initial public offerings) through the EIPO facility without being restricted by any transactional capping or limit. The EIPO system is utilised to provide an end to-end digitised experience to investors participating in the IPO through the EIPO platforms.

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