Author: cdc_admin

British Delegation visit CDC

A delegation from The British Deputy High Commission in Karachi visited the head office of the Central Depository Company of Pakistan. The delegation was headed by Her Excellency Belinda Lewis, Deputy High Commissioner. Several senior level members of the corporate community also attended the event along with representatives from various UK-Based entities.

 

Mr. Muhammad Hanif Jakhura, CEO – CDC, welcomed the delegation and gave a detailed presentation to the attendees on the success story of CDC and its pivotal role in the development of Pakistan’s capital market. The attendees were also briefed on the business and operations of CDC’s subsidiary, ITMinds Limited.

 

The British Deputy High Commissioner acknowledged the positive impact of CDC on the Pakistan Capital Market. She looked forward to learning more about the full range of CDC’s work. In particular, she was keen to explore opportunities for UK financial institutions to do more business with Pakistani companies and government.

Australian High Commissioner visits CDC

A delegation from The Australian High Commission in Islamabad recently visited the head office of the Central Depository Company of Pakistan Limited in Karachi. The delegation was headed by Her Excellency Margaret Adamson, Australian High Commissioner to Pakistan. Other dignitaries included Mr. Saeed Ahmed, Deputy Governor, State Bank of Pakistan and several senior level members of the corporate community including Mr. Nauman K. Dar, President & CEO, Habib Bank Limited also attended the event. Senior representatives of Pakistan Capital Market were also present.

 

Mr. Muhammad Hanif Jakhura, CEO – CDC, welcomed the delegation and gave a detailed presentation to the attendees on the success story of CDC and its pivotal role in the development of Pakistan’s capital market. The attendees were also briefed on the business and operations of CDC’s subsidiary, ITMinds Limited.

 

The Australian High Commissioner acknowledged the positive impact of CDC on the Pakistan Capital Market. She looked forward to learning more about the full range of CDC’s contributions and market shaping initiatives. In particular, she expressed her desire to play the role of a catalyst for Australian financial institutions to do more business with Pakistani companies and the government.

CDC conducts Element Training Program

The Central Depository Company of Pakistan Limited (CDC) successfully completed its 2016 edition of its Element Training Program (ETP). ETP is a series of training sessions conducted by representatives from CDC for the benefit of the users of the Central Depository System (CDS). The target audience includes Brokers, Issuing companies & registrars as well as pledgee banks. The training session imparts knowledge on the operations, developments and changes with respect to CDC and CDS. It also serves as a platform for attendees to share their feedback and have an interactive session with CDC representatives.

 

ETP 2016 was held in all three major cities; Karachi, Lahore and Islamabad. The sessions attracted approximately a 1000 attendees. Another highlight of this edition was that CDC also distributed rewards to winning Brokers for CDC’s Online Transactions facility.

Extending Market Scope: Abbottabad Sarmayakari Markaz CDC in collaboration with SECP organizes Investor Awareness Seminar in Abbottabad

On May 21, 2016, Central Depository Company (CDC), in collaboration with all partner entities of Abbottabad Sarmayakari Markaz (ASM) and the Securities and Exchange Commission of Pakistan (SECP), organized a large scale Investor Awareness Seminar in Abbottabad. The seminar, held at Jalal Baba Auditorium, was arguably the biggest Capital Market event in the history of Abbottabad. The core objective was to enhance participation of KPK residents in the Capital Market.

 

Senior officials of CDC, SECP, partner entities of the ASM and Abbottabad Chamber of Commerce and Industry were present at the event. Furthermore, people from all walks of life including students, businessmen and women, lawyers, press and media representatives participated in the seminar.

 

Mr. Mushtaq Ahmed Ghani, Minister for Higher Education and Information, Khyber Pakhtunkhwa was the chief guest. While addressing the seminar, Mr. Ghani encouraged participants to save and invest in legitimate and government approved investment schemes. He further emphasized on the need to create awareness among common citizens about safe investment avenues and appreciated the ongoing efforts of CDC and SECP in this regard. Moreover, he appreciated the idea of establishing capital market hubs like Abbottabad Sarmayakari Markaz to facilitate residents of smaller cities of Pakistan.

 

Special Guest, Commissioner Securities Market Division, SECP, Mr. Akif Saeed read a message on behalf of the Chairman SECP. He said that SECP is making all out efforts to enhance financial inclusion across country. He further announced that more such capital market investment hubs would be established soon in other second and third tier cities.

 

Other prominent guests at the event included Ms. Khalida Habib, Director/HoD Investor Education and International Relations, SECP and Mr. Shahid Ghaffar, Managing Director of National Investment Trust Limited and Chairman MUFAP.

 

A Quick Look: Abbottabad Sarmayakari Markaz

 

Abbottabad Sarmayakari Markaz (ASM) is Pakistan’s first ever Capital Market business hub launched last year by CDC. The project was envisioned by Chairman – SECP, Mr. Zafar ul Haq Hijazi who constituted a committee under the convener ship of CEO-CDC, Mr. Muhammad Hanif Jakhura, assigned with the task to enhance collaboration between Capital Market entities to increase outreach to smaller cities of Pakistan. The untapped savings in small cities of Pakistan if directed to right investment options can contribute immensely to economic growth of the country.

 

Located in the heart of the city at Main Mansehra Road opposite Radio Pakistan Abbottabad, ASM serves as a central location where citizens of Abbottabad and other small cities located on the Hazara belt including Haripur, Mansehra, and Balakot etc. have access to all major capital market entities under one roof. The strategic partners of CDC for this venture include two renowned brokerage houses, 6 leading AMCs, Pakistan Stock Exchange and Securities and Exchange Commission of Pakistan (SECP).

 

Mr. Shahid Ali Khan, a Capital Market expert who served as the CEO of a leading brokerage company, explained to participants the modus operandi of stock exchange and shared his insights on making sound investment decisions. He further said that Pakistan’s stock exchange is one of the world’s best performing markets and it is time that citizens of Pakistan are made aware of the gains offered by investing in the Capital Market.

 

Another guest speaker, Mr. Yasir Qadri, CEO-UBL Funds enlightened the participants about mutual funds and the specific benefits associated with this investment avenue while Mr. Aftab Diwan, Chief Operating Officer, CDC spoke about the rights and responsibilities of Capital Market Investors.

 

The ceremony was moderated by Mr. Murtaza Abbas, Joint Director SECP. An exhibition area was also setup at the event where all partner entities of Abbottabad Sarmayakari Markaz displayed their product portfolios and briefed the visitors about the services offered at the hub. Hi-tea was served at the conclusion of the event.

CDC organizes Pakistan Investor Days in Dubai

Central Depository Company of Pakistan Limited in collaboration with Auerbach Grayson & Company (AGCO) organized Pakistan Investor Days, an investment road show in Dubai on March 2 & 3, 2016 at the Dubai International Financial Centre (DIFC).

 

Fourteen Pakistani Issuer companies and eighteen foreign fund managers attended the conference. 137 one on one meetings were held between the representatives of these Issuer companies, mostly senior management level, and foreign fund managers from US, UK, South Africa, Hong Kong, and UAE.

 

This was one of the many events organized periodically by Auerbach Grayson worldwide. AGCO is a New York-based brokerage firm serving the international needs of major institutional investors. Through its worldwide network of broker partners, AGCO offers research, execution and clearance in equities, derivatives and fixed-income instruments.

 

This conference was organized at a crucial time when MSCI is reviewing to elevate Pakistan’s current status from Frontier Market to Emerging Market. From time to time, such endeavors by CDC help boost the foreign investors’ confidence which translates into a very positive feedback to be considered by MSCI in the favor of this elevation.

 

This is the third such endeavor by CDC in the past ten years to help attract foreign investment in Pakistani listed companies. Adding another first to our legacy of initiatives, this is the first time when apart from blue chip companies, second tier corporates were also invited to showcase themselves to foreign fund managers. This step ensured that a broader perspective of Pakistan Capital Market is available to foreign investors. This event proved to be an excellent opportunity for Pakistani Corporates to interact with leading foreign investors. The event was a huge success and the participants appreciated the efforts of both CDC and AGCO. Mr. Omer Farooq Pasha, Chief Economist at the State Bank of Pakistan who specially attended the event spoke on day one of the conference

CDC Organizes Investment Road Show in Multan

Central Depository Company of Pakistan Limited (CDC) organized an Investment Road Show in Multan in commemoration of the upcoming launch of the Pakistan Stock Exchange (PSX). The event was endorsed by the Multan Chamber of Commerce and Industry (MCCI) and MCCI President, Mian Fareed Mughis Sheikh was present as the Guest of Honour at the occasion.

 

Several representatives of the Pakistan Capital Market were invited as speakers at the event. Mr. Iftikhar Naqvi, Joint Registrar of Companies – CRO Multan SECP, Mr. Haroon Askari, Deputy Managing Director – Karachi Stock Exchange, Ms. Mashmooma Zehra Majeed, CEO – Mutual Funds Association of Pakistan and Mr. Shariq Naseem, Head of Product Development and Marketing – CDC, were all present to share their thoughts and insights on the event.

 

CDC for the first time had also arranged an exhibition area at the event for the benefit of the attendees. Several leading institutions participated which included MCB-Arif Habib, Atlas AMC, UBL Funds, HBL AMC, AKD Investments, Alfalah GHP, Primus, NAFA, Almeezan, First Capital Investments, JS Global, Rafi Securities and KASB Securities.

 

Mr. Fareed Mughis Sheikh greatly appreciated the efforts of CDC in organizing the event. He further commented that there should be greater collaboration between MCCI and the Capital Market, including the establishment of an Investment Desk at the premises of MCCI for the benefit of local investors. He praised the Sarmayakari Markaz established in Abbottabad and encouraged the establishment of a similar Sarmayakari Markaz in Multan.

 

After the proceedings, the event was concluded with a Dinner.