by In a significant move toward enhancing efficiency and convenience in Pakistan’s capital markets, the Central Depository Company of Pakistan Limited (CDC) has successfully integrated the RAAST instant payment system with Munir Khanani Securities Limited (MKSL). This collaboration aims to enable seamless, secure, and real-time fund transfers for investors across the country.
A New Era of Digital Financial Services
RAAST, developed by the State Bank of Pakistan (SBP), is an advanced instant payment system designed to promote digital transactions, reduce reliance on cash, and ensure secure money transfers. By linking it with Munir Khanani Securities, CDC has made it easier for stock market participants to deposit and withdraw funds without delays.
Previously, investors often faced delays in fund settlement due to manual processes or interbank transfer timings. Now, with real-time credit and debit facilities, these hurdles are removed, ensuring that trades can be executed faster and with greater confidence.
Benefits for Investors
- Instant Settlements – Funds are transferred in real time, allowing immediate access for trading.
- Enhanced Security – RAAST ensures secure payment rails with strict authentication measures.
- Cost Efficiency – Reduced transaction fees compared to traditional bank transfers.
- 24/7 Availability – No dependency on banking hours or clearing cycles.
Strengthening Pakistan’s Capital Market Ecosystem
This integration is part of CDC’s broader mission to digitize and modernize Pakistan’s financial market infrastructure. With this step, CDC not only strengthens investor trust but also supports the government’s vision of a cashless economy.
Munir Khanani Securities, one of Pakistan’s well-established brokerage firms, has also emphasized that this initiative will improve client experience and provide a competitive edge in the industry.
Looking Ahead
The integration of RAAST with CDC’s payment ecosystem opens the door for other brokerage houses to adopt the same system. As more market participants join, Pakistan’s stock market will move toward faster, more transparent, and more efficient operations — a win-win for both investors and the economy.
