Mr. Badiuddin Akber takes charges as CEO of Central Depository Company of Pakistan Limited
Mr. Badiuddin Akber has taken charge as the Chief Executive Officer of the Central Depository Company of Pakistan Limited (CDC). Earlier, the Securities and Exchange Commission of Pakistan (SECP) approved his appointment on the recommendation of CDC’s Board of Directors.
CDC awarded IPO Market Innovation Award for second consecutive year
In recognition of its efforts to address the issue of low investor participation in IPOs in Pakistan, CDC has been recently awarded, for the second time, the IPO Market Innovation Award 2017-2018 at SAFE-PSX Pakistan IPO SUMMIT 2018, held in Lahore. Mr. Aftab Ahmed Diwan, CEO-CDC received this award from Governor Punjab, Mr. Muhammad Sarwar.
US Consul General visits CDC House
A delegation from the U.S. Consulate General Karachi, comprising of Consul General JoAnne Wagner and her economic team, visited CDC on August 13, 2018. The key stakeholders of capital market and corporate leaders, also representing the American Business Council, along with the board members of CDC attended this breakfast event.
CDC formally launches its official presence on Social Media platforms
Social media serves as the face of businesses and organizations in today’s digitally connected world. The technology is under constant transformation, promoting connectivity and networking. Social networking is now among the fastest growing industries on a global scale. Be it consumer-centric or industry-focused, companies that do not utilize this effective source miss out on incredible marketing opportunities and the ability to reach their audience.
CDC launches Digital Account Opening solution to facilitate Investors
CDC is spearheading the digitization drive for market processes in order to make investing experience convenient for Pakistan Capital Market investors. CDC has been constantly launching novel digital solutions like eIPO, eDividend Repository etc. to facilitate investors and transform Capital Market processes, making them more accessible, efficient and convenient.
CDC as National Numbering Agency for Pakistan (NNA)
Association of National Numbering Agencies (ANNA) is the global association of National Numbering Agencies with a mission to provide reliable, accurate and trusted means to identify and describe securities that can be used by all nations and their markets. They have a crucial role in the financial markets of their own nations as well as global markets.
CDC conducts Element Training Program 2018
CDC successfully conducted its flagship Element Training Program from April 23-26, 2018 in Karachi and May 2-4, 2018 in Lahore and Islamabad. This biennial training aimed at providing CDS Elements information about the latest developments in the system as well as the procedures and regulations to be followed in respect of CDS operations.
Islamic Investment Awareness sessions organized in collaboration with PSX and Al Meezan Investments in Karachi
A series of Investor Awareness Seminars was conducted in Karachi as part of CDC’s collaborative efforts with Pakistan Stock Exchange (PSX) and Al Meezan Investments. These seminars were organized for residents of Gulshan e Iqbal and North Nazimabad and for members of Karachi Club to provide in-depth understanding about Islamic investment options available in Pakistan Capital Market.
CDC delegates participated in the 20th ACG Cross Training Seminar held in Shanghai, China
As the sole securities depository of Pakistan, CDC represents Pakistan Capital Market on various regional and international platforms. One of such eminent forums is the Asia Pacific Central Securities Depositories Group (ACG).
CDC Share Registrar Services offers e-voting facility
To facilitate Pakistan Capital Market investors, CDC’s Share Registrar Services recently launched eVoting service. It is a web based electronic infrastructure through which shareholders can register themselves and cast their votes electronically (when required) through internet during the poll / election of directors.
Dividend/Zakat & Tax Deduction Summary Report introduced on CDC’s eServices portal
In order to facilitate investors, a Dividend/Zakat & Tax Deduction Summary Report has been made available on CDC- eServices portal under eDividend tab. Through this report, shareholders can view summary of all cash dividends received against securities during a financial year at one place. The report also provides details such as amount of gross and net dividend, tax and zakat deductions, and date of payment of dividend. Moreover, it will help shareholders in filing their tax returns.
CDC offers 50% cashback on Online Transactions
CDC has an enduring commitment to promote digitization of Capital Market processes and ensure provision of more efficient and transparent service to the investors. In line with this objective, digital alternatives of various manual processes have been introduced over time. CDC Access is one such customer focused, online service package which gives investors the benefit of accessing vital account information and initiating Portfolio Transfers through Online Transactions in real time without any paper work or manual effort.
CDC participates in IBA IStockX2.0
As part of its tradition to team up with academic institutes to provide real-time learning experience to students, CDC participated in the IStockX2.0 organized by IBA Economics Club. The event was based on a mass simulation of Stock Exchange.
Islamic Investment Awareness Session held in Sialkot and Gujranwala in collaboration with PSX and Al Meezan Investments
Taking forward its enduring tradition of promoting awareness about Capital Market investment opportunities, processes and asset protection measures, CDC conducted Investor Awareness Seminars in Gujranwala and Sialkot on March 14 and 15 respectively. These seminars were organized in collaboration with Pakistan Stock Exchange (PSX) and Al Meezan Investments to provide in-depth understanding about Islamic investment options available in Pakistan Capital Market.
Investor Awareness Seminars for Sub Account and Investor Account Holders held in Karachi, Lahore & Rawalpindi
CDC conducted a series of Investor Awareness Seminars for Sub-Account and Investor Account Holders in Karachi, Lahore and Rawalpindi during the first quarter of this year. The seminars were held at CDC offices in the respective cities. A total of 220 account holders attended these seminars.
CDC honors outgoing Directors
CDC’s Board plays a vital role in determining the strategic direction of the Company. The Board of Directors ensure Company’s prosperity through critical decision making about issues related to corporate governance, corporate social responsibility and corporate ethics and by setting a collective vision for Company’s sustainable future.
eDividend Repository service awareness seminar conducted for Share Registrar Companies in Karachi & Lahore
CDC has always supported introduction of reforms in Pakistan Capital Market and adoption of best practices of the global CSD industry. With a similar objective, one recent initiative in this direction has been the launch of an eDividend Repository service which maintains history of all cash benefits paid to shareholders in a Centralized Cash Dividend Register (CCDR).
CDC Board reconstituted: Moin M. Fudda appointed Chairman
The Board of Directors of Central Depository Company of Pakistan Limited (CDC) has been reconstituted and now consists of 4 independent directors namely Mr. Moin M. Fudda, Syed Masoud Ali Naqvi, Syed Majid Ali and Mr. Aqeel Ahmed Nasir and 5 directors representing shareholding institutions Dr. Aamir Matin, Mr. Abid Ali Habib, Mr. Farid Malik, Mr. Muhammad Tariq Rafi, Mr. Shahnawaz Mahmood and the Chief Executive Officer Mr. Aftab Ahmed Diwan.