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Business & Finance Print edition: 2023-02-01

CDC-CDNS deal signed

Published Updated

ISLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar witnessed the agreement signing ceremony of launching the pilot project of Digitization/ Dematerializa-tion of National Saving Certificates (NSCs) through Central Depository Company of Pakistan Limited, here on Tuesday.

Badiuddin Akber, CEO CDC and Hamid Raza, DG CDNS signed the agreement on behalf of the Central Depository Company of Pakistan Limited (CDC) and Central Directorate of National Savings (CDNS), respectively.

The SAPM on Finance, Tariq Bajwa, Akif Saeed chairman SECP, Moin M Fudda chairman CDC, Hamid Raza DG CDNS, and others attended the ceremony.

Addressing the ceremony, the federal minister for finance extended his felicitations to the chairman CDC and senior executives, the DG CNDS, and the chairman SCEP for launching an important project for the facilitation of investors of CDNS in digital form.

He further lauded the contributions of CNDS and CDC in the economic growth of the country and said that there is great potential in CNDS to attract more investors for the economic betterment of the country. The finance minister also appreciated the team of the Finance Division, especially the secretary finance and the AFS (Budget).

Copyright Business Recorder, 2023

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