Wednesday, June 24 2026

SBP allows non-bank investors to participate in GIS auctions
The State Bank of Pakistan (SBP) has expanded investor access to Government of Pakistan Ijarah Sukuk (GIS) auctions conducted on a Bai-Muajjal basis, allowing non-bank investors, including corporate, investment funds and individuals, to participate alongside Islamic banks and Islamic banking branches. The move is aimed at broadening the investor base, enhancing market liquidity and supporting the development of Pakistan’s Islamic finance sector. SBP, in 2025, decided that Government of Pakistan (GOP) may outright purchase GIS on deferred payment basis (Bai-Muajjal) and sell these GIS on ready payment basis through uniform price based competitive bidding auction process. However, initially only Islamic banks and Islamic banking branches were eligible to participate in these auctions.
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Select Technologies IPO oversubscribed by 3.2 times
The book-building phase of Select Technologies Limited’s Initial Public Offering (IPO) was oversubscribed by 3.2 times, with the issue fully subscribed at Rs34 per share, above the floor price of Rs28 per share, according to official transaction details. The company offered 66.67 million ordinary shares through the book-building process, attracting strong investor participation and reflecting robust demand in Pakistan’s capital market. Select Technologies Limited is a wholly owned subsidiary of Air Link Communication Limited and operates in the manufacturing and assembly of smartphones, smart televisions, air conditioners, and other consumer appliances in Pakistan. The company is also planning to expand into higher-margin consumer electronics and home appliance segments as part of its growth strategy.
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Thursday, June 18 2026

Select Technologies opens IPO registration
Select Technologies Limited, a wholly owned subsidiary of Air Link Communication Limited, said on Thursday that the registration of eligible investors for the Initial Public Offering (IPO) of Select Technologies Limited commenced on 17th June. As per a statement, the company said that the registration will continue until 3pm on June 23, 2026, ahead of the company’s book building process scheduled for June 22 and June 23, 2026. According to the company’s prospectus, “the IPO comprises 88.889 million ordinary shares, representing 10% of the company’s post-IPO paid-up capital. The floor price has been set at Rs28 per share, with a maximum price band of up to 50%, or Rs42 per share.
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easypaisa, Binance to develop emerging financial technology in Pakistan
easypaisa digital bank, backed by Telenor and Ant Group, has signed a Memorandum of Understanding (MoU) with Binance, the world’s leading blockchain ecosystem and cryptocurrency exchange, to explore the adoption and growth of emerging financial technologies in Pakistan. The MoU was signed in Islamabad between Jahanzeb Khan, President and CEO of easypaisa digital bank, and Tarik Erk, Regional Head for MENAT and Senior Executive Officer (SEO) Abu Dhabi at Binance, read an official statement. Under the MoU, easypaisa and Binance will initiate exploratory discussions to assess potential areas of collaboration to support the development of Pakistan’s digital savings and investment ecosystem.
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Wednesday, June 17 2026

SECP unveils reform agenda for capital markets
Dr Kabir Ahmed Sidhu, Chairman, Securities and Exchange Commission of Pakistan (SECP) on Monday unveiled an ambitious reform agenda aimed at expanding Pakistan’s investor base, promoting financial literacy and accelerating the development of the country’s capital markets during his first official visit to the Pakistan Stock Exchange (PSX). Addressing a gong ceremony after ringing the trading bell to mark the commencement of trading at the exchange, Dr Sidhu said the regulator had set a long-term target of expanding the country’s investor base to 2.5 million investors, emphasising that greater participation, particularly from young Pakistanis, was essential for promoting savings, wealth creation and inclusive economic growth.
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