Status: Researched. I have not contacted brokers or opened an account. See the Pakistan country page for the full picture.
Why JS Global Capital
There’s no published “foreign individual broker” list for Pakistan; the firms most likely to handle SCRA/FPI onboarding are larger PSX members with institutional desks. JS Global Capital is a sensible first contact — it’s affiliated with JS Bank, whose SCRA documentation is the most transparent public reference, so the broker-plus-bank path can be relatively streamlined.
The real structure
Foreign portfolio access runs through a SCRA (Special Convertible Rupee Account) — the repatriable PKR account mandatory under the FPI scheme. Choose the SCRA bank first; the broker follows. Use JS Bank’s SCRA page as your documentation-prep reference (notarized passport copies, CDC/broker forms, W-8BEN, etc.) even if you ultimately bank elsewhere. Other capable brokers: Arif Habib Limited, Alfalah CLSA, Topline Securities.