Pakistan Stock Exchange — PSX Member | TREC Holder
Investing with Confidence & Precision
Investment Managers Securities (Pvt.) Ltd. — providing assisted stock brokerage and investment services to retail and institutional clients since 2007. Rated BMR3 by VIS Credit Rating.
Investment Managers Securities (Pvt.) Ltd. was incorporated in Karachi on August 31, 2006 and commenced business activity on July 27, 2007. The Company is a private limited company providing assisted trading services in stock brokerage and investments to retail and institutional clients.
The Company holds a Trading Rights Entitlement Certificate (TREC) for providing trading and self-clearing services granted by Pakistan Stock Exchange Limited. External auditors are M/s Nasir Javed Maqsood Imran & Co. — Chartered Accountants (SBP Category B). The registered office is situated at 308, 3rd Floor, Continental Trade Centre, Block-8, Clifton, Karachi. At present, the paid-up capital of the Company is Rs. 200 Million.
The Company's clientele includes High Net Worth Individuals, Corporate Customers, Financial Institutions, DFIs, Modarbas, Banks and Leasing Companies. The Company has established a framework of Good Governance and is managed in compliance with the best practices of Corporate Governance, with sound controls in place to manage risks.
What We Offer
Our Services
01
Equities Brokerage
Assisted trading in PSX-listed equities for retail and institutional clients. Competitive brokerage rates backed by 20+ years of market expertise.
02
Portfolio Management
Build and manage your investment portfolio with professional guidance. Sub-account holdings, trade confirmations and account statements available.
03
Investment Advisory
Growth opportunity analysis for institutions and individuals. Our team assists in identifying entry and exit points across PSX-listed securities.
04
Underwriting
Underwriting of public issues and support for corporate finance activities, serving both institutional issuers and high net worth clients.
05
Debt Securities
Brokerage and investment services in debt securities, catering to banks, DFIs, leasing companies and institutional investors.
06
Research
Market research and analysis to empower informed investment decisions across equity and debt instruments listed on PSX.
Leadership
Board of Directors
The Company comprises four directors with collective experience exceeding 75 years in Capital Markets, Corporate Finance, Trading and Portfolio Management.
Chairman of Board / Chief Executive — Nominee Director
Mr. Oosama Abdul Ghani
Mr. Oosama is a young, energetic and experienced director of the Company. He holds a Bachelor of Science from Indiana University, USA. As Chief Executive, he is responsible for strategic direction and strengthening overall systems and controls. He brings more than 14 years of Capital Market experience.
Executive Director
Mr. Altaf Yousuf Kadwani
Mr. Altaf Yousuf Kadwani serves as Executive Director and Chairman of the Company, with 19 years of experience in Trading, Portfolio Management and Equity Markets. He plays an active role in capital market operations and corporate finance, serving corporate, institutional and high net worth clients.
Executive Director
Mr. Abdul Qadir Kara
Mr. Abdul Qadir Kara is a Director and major shareholder with over 17 years of experience in Corporate Markets, Trading, Portfolio Management and Equity Markets. He has vast knowledge of tax accounting, corporate law and corporate finance, and handles audit activities with professional acumen.
Director
Mr. Wasim Hyder Jalbani
Mr. Wasim Hyder Jalbani holds a Bachelor's Degree from Karachi University and brings over 24 years of experience in Capital Markets, Corporate Finance and Advisory. He is well versed in Trading, Portfolio Management, Equity Markets, and the rules and regulations governing the business.
Ownership
Shareholding Structure
Total paid-up capital: Rs. 200,004,000 | 20,000,400 shares at Rs. 10 each | Certified as of March 01, 2016
Director
Status
Qualification
Experience
No. of Shares
Holding %
Mr. Abdul Qadir Kara
Executive Director
B.Com Part I
17+ Years
9,000,100
45.00%
Mr. Altaf Yousuf Kadwani
Executive Director
Non-Matric
19+ Years
5,000,200
25.00%
Mr. Wasim Hyder Jalbani
Director
Graduate
24+ Years
5,000,100
25.00%
Mr. Oosama Abdul Ghani
Nominee Director / CEO
Graduate (Indiana Univ., USA)
14+ Years
1,000,000
4.99%
Credit Rating
VIS Broker Management Rating
Current Rating
BMR3
Stable Outlook
Rated by VIS Credit Rating Co.
October 08, 2025
The BMR3 rating signifies a sound external control framework, adequate regulatory compliance levels, financial management, HR & IT services, internal control framework, risk and compliance levels, as well as client relationship and fairplay.
External Control
Sound
Internal Control
Adequate
Regulatory Compliance
Adequate
Financial Management
Adequate
HR & IT Infrastructure
Adequate
Client Relations
Adequate
Rating History
BMR3 Stable — Reaffirmed Oct 2025 | Reaffirmed Sep 2024 | Reaffirmed May 2023 | Initial Feb 2022
Financial Highlights (FY25)
Operating revenue 1HFY25: PKR 9.92b | Cost-to-income ratio: 45.6% (improved from 80.2% in FY24) | Liquidity coverage: 1.82x | Zero gearing
Financial Strength
Financial Reports
Net Capital, Liquid Capital and Financial Capital reports as filed with the Pakistan Stock Exchange and SECP. Click any report to view or download the full document.
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The Company maintains three board-level committees to ensure sound governance, compliance and risk oversight.
Internal Audit Committee
◆ Abdul Qadir
◆ Oosama Abdul Ghani
◆ Farhan-ur-Rehman
AML / CFT Committee
◆ Abdul Qadir
◆ Oosama Abdul Ghani
◆ Farhan-ur-Rehman
Risk Committee
◆ Abdul Qadir
◆ Oosama Abdul Ghani
◆ Wasim Hyder Jalbani
Regulatory Compliance
AML / CFT & KYC Policies
Investment Managers Securities (Pvt.) Ltd. operates a comprehensive Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) compliance framework, approved by the Board of Directors and implemented in accordance with SECP AML/CFT Regulations 2018 & 2020, the AML Act 2010, PSX Rule Book, and FATF Recommendations.
Know Your Customer (KYC) Policy
Every customer — individual or institutional — wishing to open a trading account with IMS must provide the required documents as per our account opening form. No anonymous or fictitious account will be opened under any circumstances.
IMS collects information on the customer's age, gender, occupation, knowledge of markets, investment intent (short-term or long-term), and risk profile. This helps classify the customer as low or high risk from a KYC/CDD perspective:
Domestic salaried employees → typically Low Risk
Government employees → Medium-High Risk (potential conflict of interest)
Corporate clients → beneficial ownership and controlling parties must be verified
Physical presence of the account opener is required. For non-resident or overseas customers, verification may be done via NADRA Verisys, reliable third-party, reference of existing customer, or confirmation from another broker.
Three Lines of Defense
1
Front Office
Dealers complete KYC forms in customer presence, verify identity, accept account opening funds via cheque/pay-order only.
2
Compliance Officer
Reviews all account opening forms, performs customer risk assessment and profiling before any business relationship commences.
3
Internal Audit
Conducts periodic institution-wide AML/CFT audits, reports findings to senior management, follows up until full rectification.
Customer Due Diligence (CDD)
IMS will not open or maintain any anonymous or fictitious account. CDD measures are applied at the outset of every business relationship, when ML/TF is suspected, or when previously obtained identification data is found to be inadequate.
CDD includes identification and verification of the customer and beneficial owners, understanding the purpose and nature of the business relationship, and ongoing monitoring of accounts to ensure transactions are consistent with the customer's known profile and source of funds.
Simplified CDD
Low Risk
Review after 3 years
Standard CDD
Medium Risk
Review after 2 years
Enhanced CDD
High Risk
Review after 1 year
High Risk Indicators
◆Non-resident or foreign national customers
◆Companies with nominee shareholders or shell structures
◆Cash-intensive businesses
◆Politically Exposed Persons (PEPs)
◆Countries on FATF high-risk list or under UN sanctions
◆Complex or unusual ownership structures
◆Transaction volume inconsistent with customer profile
Politically Exposed Persons (PEPs)
PEPs are individuals entrusted with prominent public functions — heads of state, ministers, senior government/judicial/military officials, executives of state-owned corporations, and important political party officials — including their family members and close associates.
IMS applies Enhanced Due Diligence for all PEP relationships. Senior management approval is required before any business relationship with a PEP is established or continued. IMS considers the following PEP categories:
Foreign PEPs
Individuals entrusted with prominent public functions by a foreign country.
Domestic PEPs
Individuals entrusted domestically with prominent public functions in Pakistan.
International Org. PEPs
Senior management of international organizations and equivalent functions.
Associates & Family
Family members and close social or professional associates of any PEP.
PEP Red Flags
▲Information provided is inconsistent with public asset declarations
▲Funds repeatedly moved to/from countries with no apparent ties
▲Multiple bank accounts with no apparent commercial reason
▲PEP from a country restricting citizens from foreign accounts
▲Business interests creating conflict with public position held
All PEP relationships are subject to minimum annual review. Senior management approval required to commence or continue any PEP business relationship.
Suspicious Transaction Reporting (STR / CTR)
IMS maintains a robust process for identifying, escalating and reporting suspicious transactions to the Financial Monitoring Unit (FMU) of Pakistan. STRs are filed within 7 days of CEO approval. IMS reports total STRs to SECP on a bi-annual basis within 7 days of each half-year close.
A Currency Transaction Report (CTR) is filed for any cash-based transaction involving payment, receipt, or transfer of Rs. 2 million and above. Monthly reports are maintained for customers whose net traded amount exceeds:
Customer Class
Monthly Net Threshold
Corporate
Rs. 25,000,000
Proprietary / Broker
Rs. 20,000,000
Individual
Rs. 5,000,000
AML/CFT Red Flag Warning Signs
▲Customer identity or incorporation proves difficult to verify
▲Customer wishes to invest or settle using cash
▲Settlement details changed at the last moment
▲Financial commitments considerably beyond customer's means
▲Transactions with no apparent economic or lawful purpose
▲Customer trades frequently, selling at a loss
▲Large volumes of penny/microcap stock transactions
▲Mirror trades or simultaneous buy/sell of same security
▲Transfers to/from same person from multiple individuals
▲Unusually large aggregate wire transfers with no clear reason
▲Structured/sequential transactions to avoid reporting thresholds
Governance, Compliance & Internal Audit
The Board of Directors is responsible for oversight and effective implementation of the AML/CFT policy. The Compliance Officer holds a senior management position, reports directly to the Board, and is the focal point for all AML/CFT activities. The Internal Audit department reports directly to the Board and conducts AML/CFT audits on at least a quarterly basis.
BOD
Board of Directors
Approves all AML/CFT policies, authorises CEO to implement policy, receives periodic reports on STRs, challenges and outcomes.
CO
Compliance Officer
Reviews account opening forms, performs risk assessments, monitors and reports STRs/CTRs to FMU, prepares monthly compliance reports for the Board.
IA
Internal Audit
Conducts quarterly AML/CFT audits covering CDD, record-keeping, transaction monitoring, and sanctions screening. Reports directly to the Board.
Regulatory Framework
■Securities Act, 2015
■Anti-Money Laundering Act, 2010
■SECP AML/CFT Regulations 2018 & 2020
■PSX Rule Book
■FATF 40 Recommendations (February 2012)
■Anti-Terrorism Act, 1997
■UNSC Sanctions Resolutions (1267, 1373, 1718)
■Policy approved by Board of Directors — 18 Dec 2020
Record Keeping
All customer identity and transaction records are retained for a minimum of 5 years after termination of business relationship, in compliance with SECP and AML Act requirements.
Documents Required to Open an Account
The following documents are required based on the type of customer, in accordance with SECP AML/CFT Regulations and IMS KYC Policy.
Individual
Valid CNIC (NADRA) or NICOP / POC / ARC
Passport with valid visa (foreign nationals)
Sole Proprietorship
CNIC of proprietor
Registration certificate
Declaration of sole proprietorship on letterhead
Registered / business address
Partnership
CNICs of all partners and authorized signatories
Attested copy of Partnership Deed
Registration Certificate with Registrar of Firms
Authority letter from all partners
Limited Companies
Board Resolution for account opening
Memorandum & Articles of Association
Certificate of Incorporation
List of Directors (Form-A / Form-B)
CNICs of all directors and authorized persons
NGOs / NPOs / Charities
Certificate of Registration
By-laws / Rules & Regulations
Governing body resolution for account
CNICs of authorized persons
Annual accounts / financial statements
Trusts / Clubs / Societies
Certified registration documents
By-laws / Rules & Regulations
Governing body resolution
CNICs of authorized persons and trustees
Physical presence of the account opener is required. For non-resident or overseas customers, verification may be conducted via NADRA Verisys, reliable third-party confirmation, or reference from an existing IMS customer.
Get Started
Open Your Trading Account
Opening an account with us is straightforward. A minimum deposit of Rs. 5,000 is required. Activation typically takes 4–6 working days after receiving all documentation.
What documents are required?
CNIC copy, recent utility bill, bank account details, and signed account opening form. Contact our office to receive the form.
What is the minimum deposit?
Rs. 5,000 via A/C Payee cheque, pay order, or direct bank transfer in favour of Investment Managers Securities (Pvt.) Ltd.
How long does activation take?
Cash deposits: 3–4 working days. Cheque OBC: 4–6 working days. Please note "New Account" on your bank deposit slip.
Can I transfer existing shares?
Yes. You can transfer shares from your CDC Investor Account or from any other broker's account.
Who are the external auditors?
M/s Nasir Javed Maqsood Imran & Co. — Chartered Accountants (SBP Category B approved auditors).