Central Depository Company of Pakistan Limited and Korean Securities Depository signed a Memorandum of Understanding (MoU) during the proceedings of the 12th Annual General Meeting of Asia Pacific Central Securities Depository Group (ACG). Mr. Muhammad Hanif, CEO-CDC and Mr. Soo-Hwa Lee, Chairman – KSD signed the MoU.

This MoU will help build strategic partnership that will create value for both institutions and their respective markets.

This agreement signifies a concrete step in fostering mutual cooperation between the two depositories. CDC's commitment towards providing efficient solutions to maximize customer convenience has positioned it as a strong and vibrant institution of national significance in Pakistan.The signing of the MoU is an enormous opportunity for CDC to exchange information related to depository services with KSD in terms of technology, operations and customer services.

Mr. Muhammad Hanif, CEO-CDC remarked at the signing ceremony, "The signing of MoU between Central Depository Company of Pakistan and Korean Securities Depository is indeed a great moment. It will surely contribute in helping both organizations cope with the increasing needs of capital markets and in addressing some of the most daunting business challenges.  I take this opportunity to congratulate everyone on this occasion and thank the people at KSD personally for their gesture of goodwill and cooperation towards CDC."