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After remaining depressed for a year or so, Pakistan’s Stock Market, always considered as one of the best performing in the world, is again picking up. It came down from high 50,000s to low 30,000s and presently again moving towards 50,000s. It will soon regain its lost ground in the short to medium period and then move upwards in the long period. It is therefore right time to buy Pakistani stocks if you are interested in highly profitable returns in medium to long term.(However, if you are interested in quick and safe returns in very short period, then Pakistan government treasury bills are now offering one of the highest returns in the world, attracting huge foreign inflows)Before you start investing in stock market, please do read a few good books on this issue and keep on updating your knowledge by reading the financial pages of the newspapers.One good book I can recommend is the “The Intelligent Investor”. Warren Buffett's pick as the greatest investment book of all time, The Intelligent Investor by Benjamin Graham was first published in 1949 and is still rated the best in this genre.Few of his pieces of advice areYour main goal should be to not lose money; so go for ‘investing’ and avoid ‘speculating,'. Buy some good stocks and stick with them instead of day trading.Buy the stock whose Price/Earnings Ratio should be less than 15.( P/E ratio or the PER is the ratio of a company's stock price to the company's earnings per share.)Don't invest in companies that have had negative earnings-per-share in the last three years.Similarly its Price/Book Value Ratio should be less than or equal to 22.5. (P/B ratio, is a financial ratio used to compare a company's current market price to its book value. This ratio also gives some idea of whether an investor is paying too much for what would be left if the company went bankrupt immediately)Don't buy a share simply because its share is selling cheap; look for its EPS growth (annual rate of growth of earnings from investments). Ideally it should be more than 30% (cumulative) over the course of the prior 10 years. This is a good indicator of a stable and sound business model.Look for a current ratio (current assets / current liabilities) greater than 2. It is a signal that the company is financially secure.Always prefer companies with dividends, and with consistent dividend growth.Market crashes should be thought of as exciting and delightful fire sales on the best stocks. By contrast, be terrified when the market has gone up far, fast, and resist the urge to start buying more stock when the market is up. In other words, he does not advocate investing or divesting simply because the market goes down or up, one always looks at individual companies.A lot of financial jargon? Do not worry. Everything is available online. This is essential if you want to enter in this field. And you will get used to these terms within few days.How to buy stocks in Pakistan?First, select a brokerage firm for opening an account. My suggestion would be to select any of the following brokerage firms attached with the Central Depository Company(CDC), the sole entity handling the electronic (paperless) settlement of transactions carried out at the Pakistan Stock Exchange (PSX).Alfalah CLSA Securities (Pvt) LimitedArif Habib LimitedBMA Capital Management LimitedFoundation Securities (Pvt.) LimitedKhadim Ali Shah Bukhari Securities LimitedJS Global Capital LimitedMarket 786 (Pvt.) LimitedMuhammad Munir Muhammad Ahmed Khanani Securities (Pvt.) LimitedTopline Securities LimitedOpening an account is quite easy, almost hassle free as everything is now online. Firm’s customer service will guide you and send you the software which is very easy to learn, hardly a few hours practice.Secondly, choose the sectors you want to invest; presently, in Pakistan, cement, banking, oil/gas and foreign MNCs are blue chips.Thirdly,, select the firms in these sectors you think are best. Buy shares of foreign MNCs, cement companies, ,banks and oil and gas firms particularly OGDC/PPL Purchase their shares through any reputable stock broker and then wait.Fourthly, do not indulge in day trading. It thrills but kills the novices.Read about them, talk to the brokerage firm and no harm if you send an email to the company you choose and ask them the above five pieces of information.Fifthly, buy the shares and relax; no need to do day trading as it is risky when you start buying shares. learn the tricks of the trade for at least three months and then start day trading if it thrills youLastly, keep on buying additional shares every month by saving a fixed amount every month-how small it may be. One less Bareeze/Sana Safinaz suit per month means at least 100 more shares of good firmInvestment Procedure for Overseas PakistanisOne of the best initiatives of the present government is the start of Roshan Digital Account (RDA) for Non Resident Pakistanis (NRPs). State Bank of Pakistan in collaboration with eight Schedule banks operating in Pakistan has launched this scheme to provide innovative banking solutions for millions of Non Resident Pakistanis (NRPs).Besides normal banking services, these account can be used transferring remittances as well as making investments in government bonds, property or stock exchange.What makes RDA most attractive is their availability in both currencies namely Pak rupees or US$/British £/EURO etc. The account holder can choose either a foreign currency or rupee-denominated account, or both. For NRPs, these accounts would be interoperable and enable real-time online conversion from foreign currency to Pakistani Rupees and vice versa.Some of the salient features of these accounts areNo minimum balance requirementNo minimum balance requirement.Customer can open a Foreign Currency Value Account (USD) or an NRP Rupee Value Account as defined in the chapter 6 & Chapter 8 of the Foreign Exchange Manual.Both these accounts are fully repatriable.Account can be fed by Foreign Inward Remittances originating from the account holder himself / herself through formal channels (only banks)Monthly account statements sent on registered email addressAccount to be opened by Non-Resident Pakistanis only.Account to be operated singlyAccounts are funded through foreign remittance only.Local credits allowed to the extent of proceeds received from permissible investments made from the accountAccount to be opened in 48 hours if everything is in order.Mobile Banking App and Debit Card AvailableHow to open an RDAThis account can easily be opened through an online portal / mobile application by providing minimum documents in just 48 hours. Most importantly, there is no need to visit a bank branch or the consulate/embassy of Pakistan.1. Fill Account Opening FormCurrently there are eight banks with whom you can open an account. Select any one that you feel more convenient. Go to the selected bank’s website for filling account opening form digitally.l Bank Alfalahl Faysal Bankl Habib Bank Ltdl MCB Ltdl Meezan Bank Ltdl Samba Bankl Standard Chartered Bank Ltdl United Bank LtdKindly note; If you are interested to buy stocks and shares through your RDA, then select one of the following banks because all eight do not provide these servicesA. Bank AlfalahB. Habib Bank LtdC. Meezan Bank LtdD. United Bank Ltd2. Choose Digital Account TypeBefore applying online, kindly read the selected banks’ eligibility criteria and account opening procedure by clicking “For More Details” links given in their respective websites. Most of the banks will initiate their online application with Email registration/verification through OTP. Or some banks may direct you to Choose the type of Digital Account – a Foreign Currency Account or a Pak Rupee Account.3. Upload DocumentsOnce you have initiated your online account opening application, you will be required to upload scanned copies of following documents to open an account:· CNIC/ NICOP/ POC.· Passport (Pakistani and/or foreign country).· Proof of non-resident status.· Proof of profession and source of income/ funds.o For salaried individuals: job certificate/ salary slips.o For business persons: tax return/ rent agreement/ any other proof of income.· Some banks may ask other documents including Utility Bill/Tenancy Agreement/Any government issued document other than the identity document for address verification4. Add PictureYou will be asked for a digital photo that would be taken at the time of filling the form and uploaded live.5. Receive ConfirmationSelected banks representative may contact you via video call or any other medium for verification. You will get confirmation of account opening within 48 hours.6. Transfer FundsAfter account opening, you can transfer funds in the account through banking channels from the country of your residence.Please note:Banks may not be able to offer Roshan Digital Account or investment in Naya Pakistan Certificates for residents of some countries due to their legal requirements. As a rough guide you can say all EU countries, UK, USA, Canada, Japan, South Korea are the countries where you can open an RDA but can not buy the Naya Pakistan certificates. However, do check it with the bank about the latest position in this respect.Procedure for Opening a Stocks Trading AccountAfter opening of the RDA, the Bank will provide you the option of investing in the following asset classes:a) Naya Pakistan Certificates (NPCs)-where permittedb) Stocks (equities, debt, others)When you select Stocks as the mode of investment, the concerned Bank will ask you to give consent to allow the bank to share your information and scanned copies of documents with Central Depository Company(CDC). It is the sole entity handling the electronic (paperless) settlement of transactions carried out at the Pakistan Stock Exchange (PSX).Bank will also share your details with the brokerage firm you select as well as with National Clearing Company of Pakistan Limited (NCCPL). Further, the bank will also obtain agreement on terms & conditions of Custody and Trading Accounts.Subsequently, the bank will ask you to select a brokerage house for trading purpose.Brokers Select any of the following brokerage firms connected with CDCl AKD Securities Limitedl Alfalah CLSA Securities (Pvt) Limitedl Arif Habib Limitedl BMA Capital Management Limitedl Foundation Securities (Pvt.) Limitedl Khadim Ali Shah Bukhari Securities Limitedl JS Global Capital Limitedl Market 786 (Pvt.) Limitedl Muhammad Munir Muhammad Ahmed Khanani Securities (Pvt.) Limitedl Topline Securities LimitedOnce the process is complete, the commercial Bank will forward you details along with scanned copies of documents and IBAN to CDC electronically.After receiving the details from bank, CDC will send an email intimation to you.Thereafter, CDC will forward the details and digital form of documents to the respective brokerage house as well as NCCPL for allocating your Unique Identification Number (UIN).Brokerage firm will perform their own due diligence and confirm opening of trading account to you and CDC within one working day, along with the particular of online trading portal.Now you can trade in Pakistani stock market using brokerage firm’s online portal.Clearing, Settlement and CustodyYou have the following two options for settlement and custodianship of the stocks and shares you have purchasedl Direct Bank Method:Under the Direct Bank Model, respective Bank will be responsible for all the matters related to Clearing, Settlement and Custody of your stocks and shares.l CDC Direct Settlement Service: Under CDC DSS Model, the CDC will also open IAS account and share the details of CDC access with you.Repatriation of FundsOne of the most important feature of RDA is that you can easily repatriate the funds back to the country of your stay. You can can lodge request to transfer the funds back to RDA any time through web portal or email. Subsequently, once the funds are received in RDA, you can request to respective Bank for repatriation of funds overseas.Please also read this answer of mine in this connectionShahid Hussain Raja's answer to Where should I invest $100k in Pakistan?

I will answer this in two parts. First part addresses the basic question “What is a demat account” and the second part will delve into other details that an investor should be conscious ofDemat AccountA Demat Account is an account that allows investors to hold their shares in an electronic form. It enables electronic settlements of all the trades and maintains record of securities that are debited or credited. An online demat account is accessible from anywhere in the world.On March 28, 2018 Securities and Exchange Board of India (SEBI) – the capital market regulator, declared that in order to trade in securities, particularly equity shares, individuals must hold them in a dematerialised form. (Reference 1)Dematerialisation is the process of converting the physical share certificates into electronic balance, which is a lot easier to maintain.Benefits of a Demat Account· Lower risk of theft, losses, damages or fake deliveries (when compared to the physical holdings)· Convenience of trading lots as per your convenience, even a single stock can also be bought and sold· Easy to hold and track the securities held· Speed and efficiency of execution of trades is much higher; key metric that a trader in securities should look for· Accessibility of trading platforms, another key metric that a trader should look for· Demat Account statement· Settlement of corporate benefits/actions viz. Bonds, rights, dividends etc is much fasterTypes of Demat Account1) Basic Service Demat Account (BSDA), can be thought of as a no frills account (Reference 2) –· Holding value of investment certificates or securities that does not exceed Rs 2 lakhs· Annual maintenance charge for this account is lower· Typically, BSDA holders are not charged an annual maintenance charge for holding value upto Rs 50,000· For a holding value between Rs 50,000 to Rs 2 lakh the annual maintenance charge is Rs 100, while if it is over Rs 2 lakh, the tariff/structure of a regular demat account applies2) Regular Demat Account –Normal Demat Account which even a small investor can open. Compared to BSDA the charges for this account are higher, but are worth it for the services and convenience it has to offer.An investor should evaluate carefully what his needs are and accordingly choose the kind of account he wants to open BSDA or a full service account.This answers the basic question of “What is a demat account?”.Now, I would add other significant information that an investor should ideally be aware of.What is a Depository and What is a DP?A depository works as a link between the listed companies which issue shares and the shareholders. It issues these shares through agents associated with it called depository participants (DP’s).A DP can be a bank, financial institution, a broker, or any entity eligible as per SEBI norms and is responsible for the final transfer of shares from the depository to investorsHow to open a Demat Account?1. To open a demat account, a investor should approach a DP - both Banks and brokers provide DP services2. Fill the account opening form (most banks/brokers offer online/digital account opening process)3. Provide the mandatory documents for account opening (and KYC, if the investor is not KYC verified). The documents required are a. Identity proof (Aadhar, Passport, PAN, Voter ID, etc) b. Address proof (Aadhar, Passport, Driving License, Voter ID, etc) c. Photographs (2 or more, depends on DP) d. PAN card (mandatory) e. Bank account details for the account to be linked to Demat Accont (Bank account number, IFSC, MICR, etc) All these can be uploaded when opening the account digitally4. Complete verification formalities - In Person Verification (for KYC verified investors) and In Person Verification & Original Seen and Verified (for KYC not verified investors)5. DP allocates unique ID to youDemat Account Opening and Maintenance ChargesMost DPs do not charge an investor anything to open the account. However, annual maintenance charges vary across DPs (except BSDA, as mentioned above). An investor should check/ask for this information before opening the demat account.For dematerialisation, DPs usually levy a nominal fee (ranging from Rs 5 to Rs 50) on a per certificate basisMinimum Balance RequirementUnlike a savings bank account and/or a current account, there’s a no-minimum-balance criteria for a demat account. An investor can open a demat account with zero balanceMultiple Demat AccountsInvestors can hold multiple demat accounts with different DPs. However, a investor should try to limit the number of accounts and open multiple accounts only if required (e.g. For different holding pattern, trading needs, trading products etc)Reference 1: Full text of key decisions taken at Sebi’s board meetReference 2: https://www.cdslindia.com/whatsnew/SEBI%20Circular%20-%20Facility%20for%20a%20Basic%20Services%20Demat%20Account%20(BSDA).pdf

CURRENT BANK ACCOUNT ON COMPANY NAMECompanies, especially start-ups often need many different type of bank accounts. One of them is a current bank account. Nowadays, banks are offering multiple types of current account facilities. It may be premium current account, or max current account etc. depending upon your choice of bank, and the services that they http://provide.So today, let us understand, what the steps to be followed for the same are.Documents required1. Company Incorporation Certificate.2. Memorandum of Association (MOA) and Articles of Association (AOA). They happen to be the basic or the back bone documents of a company.3. PAN Card of Company.4. Board Resolution by the company which would state that they want to open a current account in a particular bank, and also mention which facilities like net banking, mobile banking etc. they want to avail, along with authorizing persons who could operate that account. Similarly, it will state that if they require cards to be issued to the authorized person or not.5. Address proof as prescribed by bank norms.6. Know Your Customer (KYC) of the person authorized to operate the account as per the board resolution.7. Cheque of certain amount depending upon type of account from one of the director’s accounts.All these documents need to be self-attested. However, these are general requirements which are commonly asked by banks. Banks, may have their own individual requirements of documents. For e.g. ICICI Bank website shows, requirement of other documents also like shareholding pattern of the list of beneficial owners holding more than 25% shares etc. Therefore, one needs to check the particular bank’s requirements as well, or talk to a bank official for the same.Form to be filledAfter these details are provided the company will fill an account opening form and submit all these documents with the form to the bank. One can find online the account opening form various banks or directly take it from the bank. Bank will do its own verification, after which details of your bank account will be sent to the registered address of the company.Bank may also ask for an “entity-proof” which is primarily means anything that shows the existence of your business. Company can show various licenses or registrations certificate as well.For more info please talk to the professionals of Aapka Consultant