SBP launches InvestPak portal to digitize investment in Govt securities

November 06, 2025 (MLN): The State Bank of Pakistan (SBP) has launched a Web Portal named ‘InvestPak,’ to digitize the process of investment in government securities for individuals and corporate customers maintaining PKR accounts with banks, Primary Dealers (PDs), and Microfinance Banks (MFBs), collectively referred to as Financial Institutions (FIs).

The Portal will allow account holders (customers) of FIs to digitally open Investor Portfolio of Securities (IPS) accounts, place bids in the primary auction of government securities, and buy/sell securities through the secondary market without having to visit Fis, according to a circular by SBP to The Presidents, Chief Executives, All Banks, Primary Dealers and Microfinance Banks.

The Portal is accessible at https://investpak.sbp.org.pk/ and through a mobile application.

All banks and PDs are mandated to facilitate their customers to register on the Portal. The Microfinance Banks (MFBs) are also encouraged to facilitate their customers to register on the Portal. All FIs should ensure high service standards and excellent user experience for their customers.

The Financial Institutions (FIs) have been given access on the Portal which has been designed to meet the requirements related to primary auctions and secondary market trading of government securities.

In this context, the FIs can customize their treasury functions pertaining to front, middle, and back office. The detailed responsibilities of the FIs are available at Annexure-I.

All individuals, joint account holders, and corporates (collectively referred to as customers) having PKR bank accounts are eligible to digitally register on the Portal using IBAN. In case a customer does not have an Investor Portfolio of Securities (IPS) account for investment in government securities, the customer can request for opening of the IPS account via the Portal to the respective FI along with the registration request.

The Portal allows all individual and corporate customers to open PKR/IPS accounts across different FIs on a single registered account on the Portal.For facilitation of customers, detailed guidelines for individual investors, joint investors, and corporate investors are available on the Portal.

FIs are required to process each request of account holder for registration or onboarding on the Portal and provide required support to customers as assigned by SBP.

Auctions of government securities will be set up on the Portal by SBP as per the Auction Calendar. The FIs must facilitate all registered users to participate through the Portal in primary auctions conducted by SBP.

The customers can submit their Competitive Bids (CBs) or Non-Competitive Bids (NCBs) to their respective FI through the Portal. For further details, the Guidelines for Auction Activities are available on the Portal and in Annexure-II.

Customers can also purchase or sell government securities in the secondary market through the Portal by requesting quotes from their bank for settlement in same day or forward value. FIs will provide firm quotes for the government securities upon receiving buy or sell requests from their customers.

The quotes provided by an FI for the sale or purchase of government securities via the Portal will be considered binding till the stipulated time specified by the FI in the quote. FIs must facilitate secondary market trades of customers requested during business hours. Any request after business hours may be processed on the next working day.

The settlement of accepted secondary market orders of customers will continue as per the existing mechanism with no change. PDs are required to update the yields/prices of on-the-run issues on a continuous basis at the “Indicative Quotes” page of the Portal during normal business hours. These quotes will remain visible to the general public.

The securities purchased or sold through the Portal will be automatically reflected in the Investor Portfolio. For securities purchased or sold through other means, it will be the responsibility of FIs to update their customers’ securities portfolios through functionalities available on the Portal, like Excel Upload.

Customers can lodge their complaints via the Portal or through a dedicated call center. FIs must devise measures and allocate appropriate resources to ensure the prompt resolution of customers’ complaints marked to the FIs on the Portal.

The Portal shall be available for customers from 06-Nov-2025, according to SBP.

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