Pakistan’s stock market investors can now move money to their brokerage accounts in seconds, thanks to a new integration between the Central Depository Company (CDC) and Muhammad Munir Muhammad Ahmed Khanani Securities Limited.

The development connects Munir Khanani Securities directly to RAAST — Pakistan’s first instant payment system — allowing clients to transfer funds from their bank accounts to their broker in real time. The CDC says this move is a significant leap toward a faster, more transparent, and fully digital capital market.

How It Works

Instead of the usual delays in funding brokerage accounts, investors will now receive a unique RAAST Investment ID generated by the CDC. The ID, which follows the IBAN format, is linked to their trading sub-account and can be saved as a beneficiary in their online banking app.

Once the ID is used for payment, the money is instantly routed through the CDC’s RAAST Aggregator to the broker’s segregated client account, with the broker being notified within minutes. This means traders can start using their funds for market activity almost immediately — a major advantage in a fast-moving market.

Partnerships Making It Happen

The agreement was formalized at a signing ceremony on August 8 at CDC House, attended by Munir Khanani, CEO of Munir Khanani Securities, and Abdul Samad, COO of CDC. Microlinks (Pvt) Ltd served as the technology partner for the rollout.

“This initiative shows how strategic technology collaborations can transform how markets function,” said CDC CEO Badiuddin Akber. “By acting as the RAAST aggregator for brokers, we’re making fund transfers secure, efficient, and far quicker — all of which help deepen market participation.”

Munir Khanani, whose firm is among the first to adopt the system, sees the upgrade as a competitive edge: “Clients now get instant access to their trading funds, so they can seize opportunities as they arise. It’s a service that raises the bar for investor convenience.”

Bigger Picture for the Capital Market

With the RAAST integration now live, the initiative is being seen as a model for how fintech solutions can address long-standing inefficiencies in Pakistan’s capital markets. Real-time settlement of deposits is likely to improve liquidity, attract more active traders, and strengthen investor confidence.

If adopted widely across brokerage houses, this could mark a turning point toward a more agile and digitally mature market infrastructure in the country.