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Central Depository Company of Pakistan Limited (CDC) is the only depository in Pakistan

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Central Depository Company and Telenor Microfinance Bank sign an MOU for Investor Biometric Verification and collection of funds through Easypaisa

Central Depository Company of Pakistan Limited and Telenor Microfinance Bank Limited recently signed an MOU at CDC House on the 14th of February, 2019, for the facilitation of CDC account holders in Biometric verification and collection of funds through Easypaisa.

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“CDC providing reliable and smooth services to its clients,” Mr. Badiuddin Akber, CEO – CDC, highlights in his interview

1. What role does CDC play in Pakistan Capital Market?

CDC, as the sole securities depository of Pakistan, serves as the core infrastructure institution of our Capital Market. CDC’s foundation was laid in the early 1990s, when a huge increase in trading volumes made physical handling of paper-based shares / certificates a laborious and time consuming task. Introducing scripless form of securities settlement in Pakistan had become a necessity. CDC was thus established to operate a Central Depository System (CDS), which transformed how stock changed hands in Pakistan’s Capital Market by introducing an electronic book entry form for handling and transfer of securities. Currently, CDC is entrusted with maintaining assets worth PKR 4.7 trillion and our depository system is the underlying framework supporting the average daily trading of securities worth millions of rupees on Pakistan Stock Exchange.

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CDC Share Registrar Service launches e-Voting Service

Over the years, CDC has dedicated its services in designing and executing innovative solutions to aid the process of digitization and further contribute to the transformation of the Pakistan Capital Market.
After the promulgation of Companies (Postal) Ballot Regulations, 2018, CDC Share Registrar service has launched an e-Voting facility which has recently been developed in house. This will enable shareholders to cast their votes pertaining to company resolution(s) and elect directors electronically during general meetings.

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CDC Pakistan and Pakistan’s first Islamic Digital Insurer Salaam Family Takaful Limited (SFTL) sign agreement for CISSII and CIR

12 June
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Deputy Governor State Bank launches  the project of “RAAST payments for Mutual Fund investments” implemented by CDC

30 October
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PICG and CDC sign MoU for the implementation of e-Go, a central Corporate Governance Portal

09 October
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Finance Minister launches “Centralized Gateway Platform” developed by CDC under the regulatory impetus by SECP

26 September
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CDC Share Registrar Services Limited conducts awareness sessions for its clients on the new eVoting related amendments in Companies (Postal Ballot) Regulations, 2018

17 April
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Japanese Consul General in Karachi visits Central Depository Company

08 December
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