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Monthly Archives: March 2020

Awareness Sessions

Posted on March 20, 2020 - 11:12 am by

1.      Financial Literacy Initiative: Money Matters Workshop

Since inception, CDC is focused on educating potential investors in the country. As part of this vision, a series of Financial Literacy Workshops have been regularly organized across the country. These past events have proved as a platform where CDC interacts with the potential and current investors, discussing the potential of Pakistan Capital Market, its returns, opportunities and risks.

Continuing its legacy, this quarter, CDC conducted a Money Management workshop at CDC House, Karachi. Mr. Akber Tejani, Founder and CEO of Investomate, a tax filing consultant agency and Director at Befiler, conducted the workshop. Mr. Tejani is a Fellow Chartered Accountant and a seasoned professional with over two decades’ worth of experience in the finance, risk management and assurance services industry. He spoke extensively about cultivating a habit of savings from a young age and investing smartly to gain the right results.

The workshop was attended by people belonging to diverse backgrounds; from young students who were looking to understand the many avenues of investment to elders who were interested in changing their behavior towards savings. The audience showed enthusiasm by actively participating in the workshop. They further appreciated CDC’s efforts regarding how such workshops are vital for people to understand and handle their money better.

2.      Industry-Academia Collaboration: Interactive Presentation at Lahore School of Economics

On a special invitation, Mr. Zafar Iqbal Amin, Incharge CDC Lahore Branch apprised the students of the Lahore School of Economics (LSE) about the dynamics of Pakistan Capital Market and CDC’s role in its transformation, its contribution in investor protection and awareness measures, company’s latest products and services, business diversification and its accreditations on national & international platforms. The presentation concluded with by an interactive Q&A session where students inquired about how they can become part of this thriving organization.

3.      Investor Awareness Seminar

CDC’s flagship investor awareness sessions are a platform where customers and CDC representatives liaise and discuss issues regarding the risks, responsibilities and opportunities with respect to their investment portfolio as well as CDC’s various customer convenience initiatives.

In line with these ongoing efforts, CDC organized an investor awareness seminar on March 04, 2020 at CDC House, Karachi. More than 50 account holders attended the session and discussed matters and issues pertaining to their accounts and investment. A strong demand was put forth by the account holders for a regular frequency of such sessions.

CDC’s Measures for Business Continuity during Lockdown

Posted on March 17, 2020 - 11:08 am by

As countries, communities and businesses combat with the Coronavirus Pandemic, most of the established organizations have implemented ‘Work from Home’ policy, trying their best to resume or continue their business operations while maintaining safety protocols, most importantly ‘Social Distancing’.

At CDC, this challenging situation proved to be a Litmus Test for the Business Continuity preparations that were made for most of the last two decades to ensure that critical business operations continue even in times of disaster. With the continued guidance of the CDC Board of Directors and under the leadership of CEO-CDC, Mr. Badiuddin Akber, the following three-tier strategy was devised by the Senior Management of the Company:

  1. Prioritizing Safety and Well-Being of CDC Staff by implementing ‘Work from Home’ Policy for 90% workforce. Only vital and critical staff attends office with safety and social distancing protocols in place.
  2. Ensuring the Continuity of Services of CDC’s Core Business Lines – Depository Services and Trustee & Custodial Services along with wholly owned subsidiaries i.e. CDC Share Registrar Services Limited and ITMinds Limited (Back Office Accounting Services).
  3. Guaranteeing continuation of Critical Operations for Stock Market, Mutual Funds and Insurance Industry.

Additional Support to Pakistan Capital Market stakeholders and investors

  1. Pakistan Stock Exchange is being facilitated to jointly perform business activities utilizing CDC’s BCP site as well as secure technological standards for accomplishing critical market operations.
  2. IT Desktop Support and Technical Assistance has been provided to account holders and the general public.
  3. CDC’s Digital Services Portfolio remains available to both organizations and individuals to help them undertake routine business activity from the safety of their homes.
  4. CDC’s Customer Support Services continue to provide assistance through Call Center.
  5. CDC’s corporate website (cdcpakistan.com) and Social Media pages on Facebook, Twitter and LinkedIn are being constantly updated with information about precautionary measures to combat COVID-19 and available online facilities & tools by CDC to undertake business activities.

US Consul General in Karachi visits CDC

Posted on March 6, 2020 - 8:02 am by

A delegation from the US Consulate in Karachi, headed by Mr. Rob Silberstein, US Consul General in Karachi visited the Central Depository Company on March 05, 2020. Representatives of leading Pakistani corporates and US Businesses in Pakistan attended this event.

Mr. Moin M. Fudda, Chairman CDC Board of Directors, welcomed the delegation and spoke about the long term bilateral relations between US & Pakistan while stressing on the need to foster greater ties on business and trade initiatives. Mr. Badiuddin Akber, CEO-CDC, while giving an overview on the Pakistan Capital Market landscape and CDC’s key role in its development, highlighted the association between CDC and its counterparts from the US Capital Market.

US Consul General Rob Silberstein lauded CDC on its achievements in transforming the Pakistani Capital Market. He said that “It is important to figure out how we actually bring the two sides closer together for the benefit of both countries. The fact that so much of Pakistan’s financial interest rests on these close people to people and business to business ties between the US and Pakistan is something that needs to be cherished. US and Pakistan should bring together expertise and technology, particularly for bigger future projects through more effective Public Private Partnership.”