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

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,…

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

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.

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

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.