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CEO’s Message

 25th Dec 2019  /   Services  /   85  Comments

Extraordinary Measures for Extraordinary Times

Year 2020 has changed the scope of the way we perceived life, safety, work and business and most of all, survival. While the whole world is fighting to find ways to resume normal life, these are indeed challenging times.

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Awareness Sessions

 28th Nov 2019  /   Investor Awareness  /   85  Comments

In line with its vision to promote capital market awareness and help increase the investor base, CDC organized the following awareness sessions in this quarter (Oct – Dec 2019) in different cities of Pakistan: City Venue Islamabad ISE Towers Lahore LSE Auditorium Karachi CDC House Rawalpindi Blue Lagoon Faisalabad Hotel One Karachi ICMA Pakistan Awareness…

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CDC collaborates with EasyPaisa for IAS Payments through Mobile Wallet

 22nd Nov 2019  /   Services  /   85  Comments

CDC has always strived to facilitate its account holders by introducing innovative solutions and has recently launched another convenient payment facility to its account holders via EasyPaisa’s Mobile Wallet. Using this service, CDC’s Investor Account Holders can now make their account related payments through EasyPaisa’s mobile application and retailer franchises.

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CDC collaborates with various Banks for Efficient Payment Mechanism for its Mutual Fund and Discretionary Portfolio clients

 15th Nov 2019  /   Services  /   85  Comments

In continuation of its efforts to help increase ease of doing business in the country, CDC has recently collaborated with various banks for their cash management services for the arrangement of Efficient Payment Mechanism (EPM) for CDC’s Mutual Fund and Discretionary Portfolio clients. The EPM is designed to carry out seamless execution of transactions through the integration of CDC’s Fund Management System with the banks’ systems.

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CDC launches Zakat Repository System to help increase Ease of Doing Business

 01st Nov 2019  /   Services  /   85  Comments

In pursuance to Zakat and Ushr Ordinance, 1980 (the “Zakat Law”), Zakat is inter alia, payable on cash dividends declared by Companies. Under the Zakat Law, shareholders may claim exemption from compulsory deduction of Zakat from dividend payments by filing a copy of Zakat Declaration Form on a prescribed format (commonly known as “CZ-50”) duly attested by the notary public OR Solemn Affirmation Letter (the “Letter”) (in case of Non-Muslims) with the Zakat deducting agency (i.e. Issuer or its R/TA).

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Awareness sessions

 30th Oct 2019  /   Investor Awareness  /   85  Comments

In line with its vision to promote awareness and increase the capital market investor base, CDC organized the following awareness sessions in this quarter (July – Sept 2019) in different cities of Pakistan

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Exchange Traded Funds (ETF) and CDC’s role

 24th Oct 2019  /   Services  /   85  Comments

An exchange-traded fund (ETF) is a collection of securities—such as stocks—that tracks an underlying index. An ETF can contain many types of investments including stocks, commodities, bonds, and a mixture of investment types. An ETF is a marketable security, meaning it has an associated price that allows it to be easily bought and sold. The…

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ITMinds offering of its Back Office Accounting Software as a Service

 19th Oct 2019  /   Services  /   85  Comments

CDC’s subsidiary, ITMinds Limited, has launched the offering of its custom-made comprehensive fund administration solution, the Back Office Accounting Software (BOAS), as a service to Asset Management Companies (AMCs). BOAS, being state of the art software, has been developed by an in house IT Team

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CDC embarks on the conceptualization & development of a Digital Land Repository/ Registry along with Association of Builders & Developers of Pakistan (ABAD)

 13th Oct 2019  /   Services  /   85  Comments

The Association of Builders and Developers of Pakistan (ABAD) and Central Depository Company of Pakistan (CDC) have signed a historic Memorandum of Understanding (MoU), on the 12th of Sept 2019, for the digitalization of land records through a Land Repository System, which will be the first ever system of its kind in the country envisioned…

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ICMA Pakistan and Central Depository Company sign MoU to promote industry-academia linkages

 26th Aug 2019  /   Services  /   85  Comments

The Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) and the Central Depository Company have joined hands to collaborate and promote industry-academia linkages.

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ICMA Pakistan and CDC sign MoU to promote Industry Academia linkages

 08th Aug 2019  /   Investor Awareness  /   85  Comments

The Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) and the Central Depository Company of Pakistan (CDC) have joined hands to collaborate and promote industry-academia linkages.

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SECP to facilitate MoU signing between CDC Pakistan and Life Insurance Companies for Launch of e- Repository for Insurance

 31st Jul 2019  /   Services  /   85  Comments

KARACHI: Under the regulatory impetus of the Securities and Exchange Commission of Pakistan (SECP), the life insurance industry in Pakistan is set to enter a new phase of digitalization and centralization of policyholder information i.e. establishment of centralized insurance repository through technological support of the Central Depository Company of Pakistan (CDC). To kick-start the initiative, a Memorandum of Understanding (MoU) has been signed between the Central Depository Company of Pakistan (CDC) and life insurance companies in a ceremony held at the CDC House, Karachi on July 31, 2019.

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CDC once again reduces its Tariff Structure

 19th Jun 2019  /   Services  /   85  Comments

Central Depository Company of Pakistan Limited has reduced its tariff structure in the larger interest of the public and to support the stock market. As the infrastructure backbone of Pakistan Capital Market, CDC’s main objective is to provide efficient and cost effective services to all its customers and promote ease of doing business. In line to this resolve, CDC has continued to pass on the benefits to market participants and general investors without compromising on its services.

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ITMinds Limited and Faysal Asset Management Limited signed an agreement for outsourcing Back Office Accounting Services

 19th Jun 2019  /   Services  /   85  Comments

Karachi: May 30, 2019: Faysal Asset Management Limited (FAML) & ITMinds Limited (ITMinds), a wholly owned subsidiary of Central Depository Company of Pakistan Limited (CDCPL), have signed an agreement enabling ITMinds to provide Back Office Accounting Services to FAML. The agreement was signed by Mr. Khaldoon Bin Latif, CEO-FAML, and Mr. Iqleem-uz-Zaman Khan, Acting CEO-ITMinds in the presence of Mr. Badiuddin Akber, Director-ITMinds & CEO-CDCPL, Mr. Waqas Ashraf, CFO- ITMinds, Mr. Nafees Malik, Head of Business Development-FAML and Mr. M. Shahzad, Acting CFO-FAML.

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Meezan Bank and Central Depository Company join hands to provide Shares Custody Services to Meezan Customers

 19th Jun 2019  /   Services  /   85  Comments

Meezan Bank Pakistan’s leading Islamic bank and the Best Bank in Pakistan, has recently joined hands with Central Depository Company (CDC) – the sole securities depository in the country, to launch Shares Custody Services for its customers. Mr. Ariful Islam, Deputy CEO, Meezan Bank and Mr. Badiuddin Akber, Chief Executive Officer, CDC signed the Memorandum of Understanding (MoU) at Meezan Bank’s Head Office, Karachi. Also present at the occasion were Mr. Zia Ul Hasan, Group Head Operations, Meezan Bank, Mr. Shariq Naseem, Head of Product Development & Marketing, CDC, Mr. Ayub Baig, Manager Capital Market, Meezan Bank along with their respective teams.

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Important Guidelines from CDC related Sales Tax Refund Bonds

 03rd Jun 2019  /   Services  /   85  Comments

Central Depository Company recently facilitated businessmen in their Sales Tax Refund payments through Refund Bonds for those claimants who had CDC Accounts. This initiative was taken subsequent to the approval of amendments in Supplementary (Second Amendment) Act, 2019 by the Federal Government.

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Corporate events, visits & awareness sessions

 24th May 2019  /   Investor Awareness  /   85  Comments

Breakfast meeting for Turkish Consul General A breakfast event was arranged for the visiting delegation from the Turkish Consulate General in Karachi, headed by His Excellency Mr. Tolga Uçak, Consul General of Republic of Turkey in Karachi. Representatives of leading Pakistani corporates and Turkish Businesses in Pakistan also graced the occasion and were received by…

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CDC reduces its tariff to facilitate ease of doing business

 17th May 2019  /   Services  /   85  Comments

As the infrastructure backbone of Pakistan Capital Market, CDC’s main objective is to provide efficient and cost effective services to all its customers and promote ease of doing business. In line with this resolve, CDC has continued to pass on the benefits to market participants and general investors without compromising on its services. It has…

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CDC makes IPO subscription easy for general public through automation

 22nd Apr 2019  /   Services  /   85  Comments

In its continuous resolve to increase convenience for stock market investors, Central Depository Company is taking regular initiatives to provide ease and efficiency for the subscription of shares offered through IPOs to general public.

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CDC facilitates Businessmen in Sales Tax Refund Payments through Book Entry Refund Bonds in the CDS

 15th Apr 2019  /   Services  /   85  Comments

Central Depository Company recently facilitated businessmen in their Sales Tax Refund payments through Refund Bonds for those claimants who had CDC Accounts. This initiative was taken subsequent to the approval of amendments in Supplementary (Second Amendment) Act, 2019 by the Federal Government.

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