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 launches eDividend Repository
For more than two decades, Central Depository Company pf Pakistan Limited (CDC) has been spearheading initiatives to bring technological reforms in Capital Market practices. These reforms add efficiency and transparency to the processes and offer greater convenience to the investors of Capital Market. One such recent initiative is the launch of an eDividend Repository.
CDC offers Sub Account opening facility through Banks across Pakistan
CDC has played a vital role in providing opportunities of easy access to Capital Market for the common investor. Continuing with this resolve to increase Capital Market outreach and convenience for retail investors, CDC initiated the drive to encourage banks to offer Sub Account Opening facility through their branches.
IBAN now a mandatory requirement for maintaining account with CDC
CDC’s core purpose is to automate Capital Market processes and make mechanisms smooth and efficient. In pursuance of this aim, the Company had been working towards introducing electronic disbursement of dividends mechanism by utilizing modern banking channels.
ITMinds Limited signs agreement with Atlas Asset Management for Back Office Accounting Services
Since its formation, ITMinds Limited (a wholly owned subsidiary of Central Depository Company of Pakistan Limited) has committed itself to providing IT consultancy and implementation services to both local and international organizations with its network expanding to Middle East and Africa. The company introduced unparalleled back office services in recent past.