CDC successfully processes 1st cash dividend through RAAST of “Pak Datacom Limited”

As a historic milestone in the country’s payment landscape, Central Depository Company (CDC) has successfully processed the Cash dividend of “Pak Datacom Limited” through State Bank’s RAAST payment gateway. It is indeed a moment to celebrate for both CDC and Pak Datacom Limited as both the companies were the first… Continue reading

CDC launches new fintech initiative of Mutual Fund Digital Platform (EMLAAK Financials)

Karachi: Central Depository Company of Pakistan Limited, through its subsidiary ITMinds Limited, has launched the pilot version of a digital platform for the support of the Mutual Fund industry. This platform, named as “Emlaak Financials”, will function as a digital distribution channel initially for Mutual Funds and later on for… Continue reading

Pakistan’s first Centralized Repository for Life Insurance Sector launched

Karachi: To complement government’s objectives of providing ease of doing business and enhanced consumer protection, Pakistan’s first ever centralized information repository is established for life insurance sector. The repository that will function under the regulatory impetus of SECP will hold critical data of life insurance policies electronically. Aamir Khan, Chairman… Continue reading

UK Deputy High Commissioner in Karachi visits Central Depository Company

A delegation from British Deputy High Commission (BDHC) Karachi, headed by His Excellency Mr. Mike Nithavrianakis, British Deputy High Commissioner in Karachi visited the Central Depository Company (CDC) on February 13, 2020. Representatives of leading Pakistani corporates and UK Businesses in Pakistan attended this event. Mr. Moin M. Fudda, Chairman… Continue reading

Ms. Tania Aidrus, Head of PM’s Digital Pakistan Initiative visits CDC

Karachi: Ms. Tania Aidrus, Head of Prime Minister Imran Khan’s Digital Pakistan Initiative visited Central Depository Company. She was welcomed by CDC’s senior management team led by Mr. Badiuddin Akber, CEO-CDC who briefed her about the contribution of CDC in transforming the Pakistan Capital Market. He also highlighted CDC’s efforts… Continue reading

CDC once again reduces its tariff structure

Karachi: Central Depository Company of Pakistan Limited has reduced its tariff structure in the larger interest of the public and to support the stock market. [the_ad id=”32940″]As the infrastructure backbone of Pakistan Capital Market, CDC’s main objective is to provide efficient and cost effective services to all its customers and… Continue reading

CDC makes IPO subscription easy for general public through automation

KARACHI: Stock market investors now prefer to use electronic IPO platforms to subscribe for new IPOs. In recent Interloop IPO, 43 percent of total subscriptions (both physical and electronic), or around 80 percent of all electronic subscriptions were made through CDC’s Centralized eIPO System (CES). Central Depository Company’s Centralized eIPO… Continue reading

FBR proposes changes in IT Rules 2002 for CGT re-computing

KARACHI: The Federal Board of Revenue (FBR) has proposed draft of certain further amendments to add provision in Rule 13N of Income Tax Rules, 2002 to provide for mechanism for determining/rectifying date of acquisition of securities through S.R.O. NZ/ (1)12016. The FBR propose that in case an error is pointed… Continue reading