Vision & Mission
MRA mission statement is to build financially trusted relationship with investors and provide unique solutions for portfolio and trading risk management at least cost. We are frequently communicating with, and learn from our clients, in order to improve our services and expertise.
Our Focus
MRA is dedicated to mounting a culture that is manifestly different from our competitors. Our core focus is not on building the largest firm in the Brokerage business in Pakistan, but on building the most respected, Reliable and trustworthy and become the most admired in the brokerage industry. We will accomplish this by focusing on the Retail & Corporate clients. We will create an atmosphere where we can take great care of the clients and their financial Assets by devoting the best Risk Management, Value Added Services, and Client service standards.
Introduction, History and Key Milestones
The vision behind MRA Securities Limited was conceived by Mr. Muhammad Rafiq Adam, an individual member of the Karachi Stock Exchange (Guarantee) Limited since January 1997. Regrettably, Mr. Muhammad Rafiq Adam passed away before the Company could formally commence operations; however, his vision and commitment to the capital markets continue to guide MRA’s foundation and values.
MRA Securities Limited subsequently became a member of the Pakistan Stock Exchange Limited (formerly Karachi Stock Exchange Limited) in the year 2000. During the period 2001–2002, the Company further strengthened its market presence by acquiring membership of the Lahore Stock Exchange Limited. Following these memberships, MRA began serving both retail and corporate investors, offering comprehensive services including trading, custody, and clearing & settlement under one roof.
In January 2016, MRA Securities Limited converted its membership into a Trading Right Entitlement Certificate (TREC) holder under the Corporatization, Demutualization and Integration Act, 2012.
In August 2016, the Company applied to convert its status from a private limited company to an unlisted public limited company under the Securities Brokers (Licensing and Operations) Regulations, 2016. Simultaneously, it applied for renewal of its brokerage license as a Trading and Clearing Member of the Pakistan Stock Exchange Limited. Due to regulatory requirements, MRA was granted a “Trading and Self-Clearing License”, authorizing it to provide Securities Trading, Securities and Cash Custodial services along with Clearing and Settlement facilities.
Following approval from the Securities and Exchange Commission of Pakistan (SECP), the Company was successfully converted into an unlisted public limited company on September 26, 2016, and its name was changed to MRA Securities Limited. Since then, MRA has been operating as a Trading and Self-Clearing TREC Holder of the Pakistan Stock Exchange.
In 2020, MRA further diversified its services by applying for Underwriting (UR) licenses and Consultant to the Issue (CTI). The SECP granted the “Underwriting License” on March 6, 2020, and the “Consultant to the Issue” License on November 5, 2020. Since then, MRA Securities Limited has been actively providing underwriting services and consultancy for Initial Public Offerings (IPOs) and other capital market transactions to its corporate clients.
Since 1997
From a visionary individual membership to a robust unlisted public limited company, our journey reflects resilience and regulatory excellence.
Business Activities & Services
MRA Securities Limited provides and performs following services and actives under its Name.
Online Stock Trading (D-Trade)
MRA provides online trading service to its clients. Retail clients may get access of online trading terminal through formal request to IT Department. MRA also provide the full training and support (Installation, trading use to new online trading terminal users.
Trade in Derivative
Execution services for derivative contracts, allowing investors to manage risk and speculate on price movements.
Margin Financing (MF) & Margin Trading System (MTS)
Leveraged trading solutions to amplify investment potential, fully compliant with regulatory frameworks.
Trade in Exchange Traded Fund (ETF)
Access to a variety of ETFs traded on the PSX, providing instant diversification through a single trade.
Trade in Fixed Income Securities
Investment options in debt instruments, providing stable income streams and capital preservation.
Underwriting
Professional underwriting services for corporate entities entering the capital markets.
Consultant to the Issue
Expert advisory services for Initial Public Offerings (IPOs) and subsequent capital raising activities.
Digital Account Opening
Seamless, paperless onboarding process allowing clients to open accounts remotely with ease.
Sahulat Account
Specialized account category designed for specific investor segments with tailored features.
Minor Account
Secure investment accounts for minors, managed by legal guardians to build future wealth.
Research/Analytic
Expert insights and market analysis to help investors make informed decisions.
Corporate Sales Desk
MRA has designated a branch for the corporate sector. All the institutions and company trading executed from the corporate branch under highly qualified sales staff members. MRA has also designated a staff member to handle the corporate settlement affairs which is separated from the retail clients’ settlement affairs on day to day basis.
Customer Support Department
This department provides one window opportunity to the valuable clients to seek information regarding to the online trading, clients activity reports, email confirmation and status of clients cheques. This department also plays vital role to promote securities marketing through different online and offline channels to provide fast response of clients’ queries regarding trading, technical and their account status.
License
1. Securities Broker License. 2. Underwriting License. 3. Consultant to the Issue.
Management Profile
Experienced leadership driving operational excellence.
Principal Sponsor & Executive Director
Mr. Muhammad Farhan
Mr. Muhammad Farhan is an experienced capital‑markets professional with deep expertise in equity trading, risk management and portfolio management. As Managing Director, he spearheaded the firm’s expansion, fortified operations and propelled MRA Securities Limited to new heights.
Executive Director
Mr. Muhammad Arif Farooq Qadri
Mr. Arif Qadri brings over 30 years of Pakistan‑stock‑market experience. Leads business development, driving growth, innovation and investor engagement while championing financial‑inclusion initiatives.
Sponsor/investments & Strategic Partner
Mr. Muhammad Junaid Rafiq
Mr. Muhammad Junaid Rafiq served as a Director of MRA Securities Limited from 2021 to 2023. Since July 2018 he has steered corporate‑sales strategy and currently oversees overseas executive operations as a Sponsor.
Sponsor and Senior Executive
Mr. Haji Muhammad
Haji Muhammad serves as Sponsor and Senior Executive at MRA Securities Limited, overseeing client services, support operations, and sponsor relations. With extensive experience in customer engagement and relationship management, he plays a key role in ensuring service excellence, client satisfaction, and long-term trust.
Our Team
The dedicated professionals behind our technical and business growth.
Chief Executive Officer
Mr. Mirza Muhammad Baig
Mr. Mirza Muhammad Baig, Joined MRA in 2007 after building custodian and trusteeship units at MCB Bank. Leverages extensive banking and mutual‑fund background to maintain strong industry ties and lead the executive team.
Company Secretary
Mr. Kamran
Mr. Kamran serves as Company Secretary at MRA Securities Limited, overseeing board processes, corporate documentation, and regulatory compliance. He provides guidance on legal and administrative matters, ensures effective stakeholder coordination, and supports the firm in upholding strong governance, accountability, and ethical standards.
Head of Compliance
Mr. Muhammad Zubair
Mr. Muhammad Zubair holds the position of Head of Compliance at MRA Securities. With 15 years of regulatory experience; ensures robust compliance frameworks, risk oversight and adherence to evolving market rules.
Head of Business Development
Mr. Zaka Ullah Khan
Mr. Zaka Ullah Khan leads Business Development at MRA Securities Limited, With extensive experience in corporate growth strategies, relationship building, and investment solutions, he plays a pivotal role in driving sustainable business performance and enhancing organizational impact.
Head of Information Technology
Mr. Shabbir
Mr. Shabbir is Head of Information Technology at MRA Securities Limited. He manages the firm’s IT systems, digital platforms, and technology operations. He ensures smooth functioning of technology infrastructure and supports the company’s growth through innovation.
SVP – Head of Online
Mr. Adeel Ahmed
Mr. Adeel Ahmed holds the position of SVP – Head of Online at MRA Securities Limited, with 24 years at the Pakistan Stock Exchange. Expert in building retail‑online platforms, structuring branch networks and driving the firm’s digital transformation.
Manager, Business Development
Mr. Muhammad Asif
Muhammad Asif serves as Manager, Business Development at MRA Securities Limited. As a young and dynamic professional, he focuses on client onboarding, digital transformation, and modern business practices. He plays an active role in supporting the firm’s growth through innovative ideas and technology-driven solutions.
Customer Support Manager
Mr. Muhammad Bashir
Muhammad Bashir leads the customer support team at MRA Securities Limited, ensuring clients receive prompt, professional, and reliable assistance in all client-related matters, including onboarding and ongoing support.
Auditor
Rehman Sarfraz Rahim Iqbal Rafique & Co
Chartered Accountants
SMCHS, Karachi, Sindh
TEL: 021-34549345
Legal Advisor
Yaseen Kasodia LLB
Address: 308, Ruby Centre, Karachi
Registered Agents and Branches
Our network of authorized branches and representatives.
Head Office
Mirza Muhammad Baig (Chief Executive Officer)
Corporate Office 01
Walk-In Clients
Corporate Office 02
Walk-In Clients
Lahore Branch Office
Jawad Zafar (Authorized Person)
New Stock Exchange Branch
Munir (Authorized Person)
Main Stock Exchange Branch (5th Floor)
Muhammad Fuzail (Authorized Person)
Main Stock Exchange Branch (4th Floor - A)
Muhammad Javaid (Authorized Person)
Main Stock Exchange Branch (4th Floor - B)
Khurrum (Authorized Person)
North Karachi Branch
Muhammad Zeeshan (Authorized Person)