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CDC all set to launch an e-Repository for Insurance policies with the collaboration of Life Insurance Companies

 01st Aug 2019  /   Raja Ali  /   Uncategorized  /   85  Comments

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 the technological support of the Central Depository Company of Pakistan (CDC). To kick-start the initiative,…

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

 10th May 2019  /   Raja Ali  /   Uncategorized  /   85  Comments

Faysal Asset Management Limited (FAML), a subsidiary of Faysal Bank Limited (FBL) & ITMinds Limited (ITMinds), a wholly owned subsidiary of Central Depository Company of Pakistan Limited (CDCPL), have signed an agreement in May 2019, enabling ITMinds to provide BPO services of Back Office Accounting to FAML.

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

 29th Apr 2019  /   Raja Ali  /   Uncategorized  /   85  Comments

Meezan Bank – Pakistan’s leading Islamic bank 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. Mr. Zia Ul Hasan, Group Head Operations-Meezan Bank, Mr. Shariq Naseem, Head of Product Development & Marketing-CDC and Mr. Ayub Baig, Manager, Capital Market-Meezan Bank were also present at the occasion along with their respective teams.

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