SBP launches portal for digital investment in govt papers |
KARACHI: The State Bank of Pakistan (SBP) on Thursday launched a new digital platform, opening another channel for individuals and corporates to invest in government securities.
According to the SBP, web portal InvestPak has been developed to digitise the process of investing in government papers for customers maintaining rupee accounts with banks, primary dealers (PDs) and microfinance banks (MFBs).
Government securities are currently issued through auctions of Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs). In addition, the government has recently begun raising funds through the stock market using Sukuk bonds.
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