July 22, 2015
Securities and Exchange Commission of Pakistan (SECP) appreciated the unequivocally swift and efficient system devised by Punjab Information Technology Board for the collection and balloting of Hajj applications this year, in an article that appeared in Business Recorder (June 04, 2015 Edition). Keeping the efficacy of the system in view, SECP has requested PITB to devise a similar, proficient technological mechanism that shall connect them with the banks conveniently enabling the investors to make online applications thereby facilitating subscription of shares during IPO. Moreover, the mechanism shall viably ensure transparent balloting of shares.