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CDC allows submission of Right Subscription Requests of Unpaid LoRs for IAS clients through IVR, Web, Email and Fax

In its continuous strive to facilitate efficient processing of all corporate actions through CDS electronically; CDC recently implemented the functionality for induction of Unpaid Letter of Rights into CDS. Handling of Unpaid LoRs through CDS helps investors to conveniently subscribe as well as transfer Unpaid LoRs for the purpose of trading.


Keeping in mind that investors are located across Pakistan as well as abroad and realizing their need for easy accessibility, CDC has decided to allow submission of Right Subscription Requests for Investor Account Holders through CDC access – IVR, CDC access – Web, Email and Fax. Therefore, IAS Account Holders, registered to use CDC access – IVR [0800-23275 (CDCPL)] or CDC access – Web facilities can now notify their subscription requests through these channels as well. Similarly, to avail this facility through email ([email protected]), IAS Account Holders have to use their registered email address with CDC. Moreover, IAS Account Holders can also convey their requests through fax numbers of respective CDC office.


Introduced earlier to provide up-to-date information and timely response to CDC clients against their queries, these channels will now also facilitate the investors in terms of convenience, speed, efficiency and productivity. The decision comes at a time when a number of organizations are issuing their unpaid rights for subscription and the shareholders will therefore be further facilitated while subscribing to the right issue by making subscription requests conveniently through any of these channels, saving time and hassle.

CDC becomes ACCA Approved Employer

The Central Depository Company of Pakistan Limited (CDC) has been registered as an Approved Employer with the Association of Chartered Certified Accountants (ACCA), the global body for professional accountants.


The registration process involved the assessment of CDC’s standards for staff training and development as well as overall learning environment at the organization. This close relationship will indeed help CDC attract and retain best talent in the field of Accounting and Finance and will also provide an opportunity for existing CDC employees to receive credit for their work experience. Currently there is a substantial number of ACCA trainees working at CDC offices across Pakistan.


In an award presentation ceremony organized at the CDC office in Karachi Mr. Muhammad Hanif Jakhura, Chief Executive Officer, CDC Pakistan Ltd, said that “The diversified businesses of CDC require highly skilled and qualified professionals who have high moral and ethical values. It is through organizations such as ACCA, that we expect to meet the rising need of accounting and finance professionals”.


Speaking at the occasion Mr. Arif Masud Mirza, Head of ACCA Pakistan said, “ACCA is excited about this strategic partnership formed with the only depository company in Pakistan. Besides providing CDC with human talent, ACCA Pakistan will support CDC in conducting researches and supporting them in their diversified role through ACCA’s thought leadership initiatives. He further added that employers like CDC Pakistan Ltd. have a great impact on businesses in Pakistan and ACCA is proud to be associated with them”.


Mr. Aftab Diwan – Chief Operating Officer, Mr. Anwar Goplani- Head of Human Resources, Mr. Kamran Ahmed Qazi – CFO and Company Secretary, Mr Fazal Hussain Gaffoor – Chief Internal Auditor, Mr Ejaz Ali Shah – General Manager Marketing and Customer Support Services, CDC Pakistan, Mr. Haroon A. Jan – Head of Business Development, ACCA Pakistan and Mr. Taimur Beiram Khan – Business Development Manager, ACCA Pakistan were also present at the ceremony.


ACCA is the largest and fastest-growing global professional accountancy body and has over 122,000 members and 325,000 students in over 170 countries. Over 8,500 companies are now ACCA Approved Employers, including international blue chip organisations such as: BP, HSBC, Roche and Tesco.