KARACHI: Pakistan Mercantile Exchange Limited (PMEX) has launched the Sahulat Account, a simplified trading account designed to lower barriers to regulated futures trading for Pakistani residents, according to a statement released on Wednesday.
PMEX, the country’s only commodity futures exchange licensed and regulated by the Securities and Exchange Commission of Pakistan (SECP), said the account caps investment at Rs1 million and does not permit leverage, limiting traders’ exposure to their deposited funds.
Account opening is conducted online through any PMEX-registered broker using only the computerised national identity card (CNIC), removing documentation hurdles that have historically deterred retail participation in commodity markets.
Investors who wish to increase their limits or access higher exposure may upgrade to a standard trading account upon completing the required regulatory and documentation procedures.Khurram Zafar, chief executive officer and managing director of PMEX, said the Sahulat Account offered individuals a simpler, lower-risk entry point into regulated futures markets, with the option to transition to a regular account after completing onboarding and risk assessment requirements.
