Account Opening Guide
What you need, what happens at each step, and what to expect before you can place your first order.
Account types
These are the account types that exist in Pakistan's capital market. Which of them Almeer Securities currently offers depends on the firm's applicable permissions, so confirm availability with our team before you begin rather than assuming every type below is open to you.
- Individual account
- An account in one person's own name. The most common arrangement for a retail investor.
- Joint account
- An account held by two or more people together, with operating instructions agreed at opening.
- Corporate account
- An account for a company or other entity. Requires constitutional documents, board authorisation and identification of authorised persons and beneficial owners.
- Sahulat account
- A simplified account introduced by the Pakistan Stock Exchange to make entry easier for small investors, with reduced documentation.
- Roshan Equity Investment account
- For non-resident Pakistanis investing through the Roshan Digital Account framework.
Documents you will need
Requirements vary by account type and applicant profile. The list below is the general case; our team will tell you exactly what applies to yours.
- Valid CNIC or NICOP — Must be current. An expired identity document will stop the application.
- Proof of bank account or IBAN — Payouts are made to an account in your own name.
- Contact information — Mobile number and email address — these receive your trade and settlement alerts, so they must be yours and must be current.
- Source-of-income information — Required under KYC and anti-money-laundering rules. Every regulated broker must ask.
- Proof of address — Where required, depending on the account type and your circumstances.
- Corporate documents — Where applicable — constitutional documents, board or partner authorisation, and identification of authorised persons and beneficial owners.
- Other KYC or regulatory documents — Additional documents may be requested depending on your profile and the applicable requirements.
The steps
- Select the appropriate account typeOur team can explain which type fits your circumstances and what each involves.
- Complete the applicationFill in the account opening form accurately. Details that do not match your identity documents will delay the application.
- Submit the required documentsProvide the documents listed above. Requirements vary by account type and applicant profile.
- Complete KYC and verificationIdentity and source-of-income verification is a regulatory requirement, not a formality, and is carried out on every account.
- Review and accept the account termsRead the terms before accepting them — particularly the sections on charges, risk and your own responsibilities. Ask about anything you do not follow.
- Receive account confirmationYou are notified once the account has been established, together with your account details.
- Fund the accountTransfer funds from a bank account in your own name.
- Begin trading after activationYou can instruct orders once the account is active and funded.
We do not publish a fixed approval or activation time. How long an account takes depends on how quickly complete and accurate documents are provided and on the applicable verification requirements, and publishing a figure would be a commitment we could not make for every case.