The Pakistan Stock Exchange Limited (PSX) has entered into a landmark partnership with 1LINK (Pvt) Limited (1LINK) to enhance its Book Building System (BBS), marking a major step forward for the country’s financial ecosystem. This collaboration aims to introduce online payment capabilities exceeding Rs. 1 million through the 1LINK 1BILL platform. By integrating this feature into the upgraded BBS, PSX has significantly streamlined the process for investors, ensuring greater convenience and efficiency.
The revamped Book Building System, developed in-house by PSX, incorporates state-of-the-art functionalities and a user-friendly interface. Designed to handle multiple simultaneous book-building activities, the upgraded system caters to institutional and high-net-worth investors, simplifying their participation in bidding processes. This strategic enhancement reflects PSX’s commitment to adapting to technological advancements and addressing the evolving needs of market participants.
The official agreement between PSX and 1LINK was signed by Mr. Farrukh H. Sabzwari, Managing Director and CEO of PSX, and Mr. Najeeb Agrawalla, CEO of 1LINK. The signing ceremony was attended by prominent stakeholders, including Mr. Imran Inayat Butt, Executive Director of the Securities Market Division at the Securities and Exchange Commission of Pakistan (SECP), along with senior management from both PSX and 1LINK.
Speaking at the event, Mr. Sabzwari highlighted the significance of the upgraded system in fostering investor confidence and enhancing market transparency. “This partnership with 1LINK represents a pivotal moment for PSX as we continue to innovate and deliver advanced solutions for our investors. The new Book Building System is a testament to our dedication to enhancing operational efficiency and investor convenience,” he stated.
Echoing these sentiments, Mr. Agrawalla emphasized 1LINK’s role in facilitating the digital transformation of Pakistan’s financial markets. “Our collaboration with PSX underscores 1LINK’s commitment to driving innovation in digital payments. By integrating 1BILL into the Book Building System, we are paving the way for more seamless and secure transactions for market participants,” he said.
The enhanced BBS introduces several key features aimed at improving the user experience for investors, including advanced analytics, automated processes, and secure online payment options. These features are expected to boost participation in initial public offerings (IPOs) and other book-building activities, enabling a more dynamic and accessible market environment.
This development comes at a time when digital transformation is reshaping Pakistan’s financial landscape. By leveraging cutting-edge technology, PSX and 1LINK are setting new benchmarks for market efficiency and accessibility. The partnership aligns with broader efforts to foster innovation and growth in the country’s capital markets, encouraging greater investor participation and contributing to economic progress.
As Pakistan continues to embrace digital solutions, the collaboration between PSX and 1LINK serves as a model for other financial institutions seeking to enhance their operational frameworks. With the new Book Building System, PSX aims to not only strengthen its position as a leading stock exchange in the region but also to drive forward the digitalization of Pakistan’s financial sector.
This partnership is a testament to the growing synergy between technology and finance in Pakistan, underscoring the importance of modern solutions in achieving market transparency, efficiency, and growth.