PSX and 1LINK Revamp Book Building System

Pakistan Stock Exchange – PSX and 1LINK (Pvt) Limited signed an agreement to enhance the Book Building System (BBS) at PSX. This collaboration introduces online payments exceeding Rs. 1 million through the 1LINK official 1BILL platform, streamlining the payment process for all participants. The revamped BBS was developed in-house by Pakistan Stock Exchange Limited.

The upgraded system features an intuitive interface and advanced functionalities, allowing for multiple Book Building processes to run simultaneously. It aims to improve the experience of institutional investors and high-net-worth individuals during the bidding process by providing a seamless and efficient platform.

The agreement was signed by Mr. Farrukh Sabzwari, Managing Director and CEO of Pakistan Stock Exchange Limited, and Mr. Najeeb Agrawalla, CEO of 1LINK. Senior officials, including Mr. Imran Inayat Butt, Executive Director of the Securities Market Division at SECP, and senior management from PSX and 1LINK, attended the signing ceremony.

This partnership marks a significant milestone for Pakistan’s capital markets by integrating advanced technology for financial transactions. The improved BBS reflects Pakistan Stock Exchange Limited’s commitment to innovation and efficiency, fostering greater trust and participation from market stakeholders. This development is expected to enhance transparency and convenience in Pakistan’s capital markets.