LAHORE: The State Bank of Pakistan (SBP) has launched a new digital investment platform, InvestPak, enabling individuals and corporations to invest in government securities entirely online.
The initiative forms part of the central bank’s broader strategy to modernize Pakistan’s financial infrastructure and accelerate the shift toward a cashless economy.
According to the SBP, InvestPak digitizes the entire investment process for customers holding rupee accounts with banks, primary dealers (PDs), and microfinance banks (MFBs). Through the web portal, users can open Investor Portfolio of Securities (IPS) accounts, submit bids in primary auctions, and trade government securities in the secondary market without visiting a branch.
“All banks are mandated to facilitate customer registration on the portal,” the SBP said in a circular. “Microfinance banks are encouraged to extend the same facility to their clients. All financial institutions must ensure efficient onboarding and a seamless user experience.”
The system allows users to link and operate multiple rupee and IPS accounts across different financial institutions via a single login, with registration requests required to be processed within two working days.
As of June 30, 2025, total investment in government securities stood at Rs46.566 trillion, with scheduled banks holding Rs38.7 trillion (83%) and corporates Rs7.856 trillion (17%). The SBP expects that opening access to individual investors through InvestPak will broaden participation, deepen the domestic debt market, and diversify the investor base.
The launch comes as the central bank advances a comprehensive digitalization roadmap. In September, the National Assembly’s finance committee was informed that all federal and provincial government payments are to be fully digitized by June 2026, including transactions of state-owned enterprises.
SBP Governor Jameel Ahmad told the committee that the central bank is taking “comprehensive steps to promote a secure, inclusive, and technology-driven payments ecosystem,” noting that 88% of retail transactions in Pakistan are now digital—a major shift reflecting the rapid uptake of electronic payments.
Pakistan’s digital financial infrastructure currently supports 226 million bank accounts and 46 million Raast IDs. To strengthen consumer protection, the SBP has introduced a bank liability framework and a mandatory two-hour cooling-off period for digital transfers to mitigate fraud.
The digital banking landscape is also expanding. Mashreq Bank recently became the first international bank to launch full digital operations in Pakistan, rolling out nationwide services in 12 months—significantly faster than the global average of five years. Five additional digital banks have received in-principle approval to operate.
To promote innovation, the SBP has also backed new digital payment solutions. Governor Ahmad recently inaugurated the JazzCash Experience Lounge, featuring facial and palm biometrics, wearables, and QR-based payment technologies.
The SBP said InvestPak represents a major step in expanding public access to investment opportunities in Pakistan’s financial markets, calling it part of a long-term transition to “a more transparent, inclusive, and digitally driven economy.”
