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- Obtain Application Forms:
- Download Account Opening Form and Investment Form from our website OR
- Collect from our Head office at Lakson Square Building # 2, Sarwar Shaheed Road, Karachi or at any transaction location. A complete list of transaction locations is available on our website OR
- Call us at +92.21 111.525.766 or write us at info@li.com.pk and we will mail/drop the application forms at your doorstep.
- Fill the Application Forms.
- Submit Application Forms and the requisite documents.
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The Pakistani markets offer endless investment opportunities for both Non-Resident Pakistanis and International Investors. You can explore the growth potential of Pakistan by investing in Pakistan Markets through Lakson Investments’ products.
How to invest for International Investors
International Investors can invest in Lakson Funds through their Special Convertible Rupee Account (“SCRA”) in Pakistan. Read through the information to find out the steps you need to take to open an account with Lakson Investments;
Step 1: SCRA OPENING
State Bank of Pakistan allows Banks in Pakistan to open SCRAs to facilitate investment from foreign investors. The SCRA is an account that can receive funds from anywhere in the world, in any currency, but maintains its balance in Pakistani Rupee (PKR) only. The currency conversion is executed on the FX rates prevalent on the day the remittance is received. The SCRA is a current account in nature; therefore it does not earn any interest on the outstanding balance.
Step 2: ACCOUNT OPENING WITH LAKSON INVESTMENTS
Once SCRA is active, investor can easily proceed to open an account with Lakson Investments and start investing in any of the Lakson Funds.
Initial Investment:
- Download our Account Opening Application Forms and submit duly filled and signed copies of forms along with the following documents to ir@li.com.pk followed by the submission of the original forms by courier
- Copy of Passport/ National Identity Card for Overseas Pakistanis
- Letter of employer/ evidence if self employed
- Proof of source of funds
- Duly complete FATCA (Foreign Account Tax Compliance Act) Form
- Form W-9 for US citizens only
- Detail / evidence of the Transfer of Funds in the respective bank account of the Lakson Funds
Subsequent Investment:
For every subsequent investment, investment application form along with the detail of transfer of funds in respective Lakson Funds’ account is to be emailed us at ir@li.com.pk
Transaction Process
Investor will instruct the bank to remit amount of investment to the SCRA.
Bank will convert the amount in PKR at the prevailing interbank exchange rate.
Bank will then credit the investment amount in the respective Lakson fund(s)’ account as requested by the investor.
On receipt of the amount Lakson Investments will issue units.
Account Statement will be issued and emailed to the investor, which will reflect the investment details.
Redemptions
There is no lock in period for investments in Lakson Funds and investments can be redeemed at anytime by sending an email to ir@li.com.pk
General guidelines for e-redemption:
- Email should be sent from Investor’s registered email address
- Email should include the following details at minimum:
- Name of the Unit Holder
- Account number of the Unit Holder
- NICOP / passport number of the Unit Holder
- Name of the Fund
- Redemption amounts / units
Redemption proceeds can be transferred to the SCRA of the investor, Amount in SCRA can be repatriated at anytime in Foreign Currency on the Investor’s request.
