In a landmark development for Pakistan’s capital market, the National Clearing Company of Pakistan Ltd (NCCPL) has successfully launched its API-based KYC Information Update Service, with Muhammad Munir Muhammad Ahmed Khanani Securities Ltd. becoming the first brokerage house to implement the functionality. The end-to-end integration was delivered by Microlinks Pvt. Ltd. as technology partner.
To acknowledge this achievement a ceremony was held on 12th September 2025 at NCCPL House, where Mr. Naveed Qazi, Chief Executive Officer of NCCPL formally presented a commemorative memento to Mr. Muhammad Munir Khanani, Chief Executive Officer of Munir Khanani Securities, recognizing his leadership as “The First Securities Broker to Automate KYC Information Updation Process.”
This KYC Update API empowers investors to update a wide range of information directly through their broker’s application, including:
- Personal information: Name, gender, marital status, nationality, date of birth
- Identification data: CNIC/SNIC/NICOP, issue/expiry dates, lifetime flag
- Contact details: Mobile number, email address, telephone numbers
- Address changes: Mailing and permanent (country, province, city)
- Banking & financial facts: Bank name, IBAN, e-wallet provider/number, gross annual income, source of income, occupation, employer details
- Document uploads: CNIC images and other supporting files
Verification is performed through OTP authentication on mobile/email, ensuring both security and compliance. Once verified, the data flows seamlessly to NCCPL’s Central KYC Organization (CKO) for processing.
“This initiative marks a major step forward in investor convenience and regulatory alignment,” said Mr. Naveed Qazi, CEO of NCCPL. “By digitizing KYC updates, we are reducing friction and helping investors stay compliant with ease.”
Mr. Munir Khanani, CEO of Munir Khanani Securities, added: “Our clients now have the ability to keep their KYC records updated in real time, without paperwork or delays. This makes their trading experience smoother, faster, and fully compliant. We are proud to be the first mover on this important functionality.”
Mr. Shahzad Ghulam Hussain, CEO of Microlinks Pvt. Ltd., commented: “As the technology partner, Microlinks is proud to enable seamless integration of NCCPL’s KYC Update API into broker platforms. This innovation reflects our commitment to driving digital transformation in Pakistan’s capital markets.”
This milestone demonstrates how collaboration between regulators, brokers, and technology providers can simplify processes, strengthen compliance, and enhance investor trust across the capital market ecosystem.