Central Depository Company of Pakistan Limited (CDC) awards Web Portal Development contract to KalSoft

Karachi: Central Depository Company of Pakistan Limited (CDC) recently awarded a Web portal development project to KalSoft. The CDC Web portal, once functional, will act as CDC’s single point of access to information on the Web, facilitating customers with value-added online services and providing updated, regular and complete information.

The CDC Web portal aims to develop a financial industry based Internet portal displaying a wide portfolio of services offered by the Company. The portal will comprise of an interactive, user friendly and highly functional structure, design and layout. This would satisfy CDC’s need for a dynamic Internet presence to cater to the ever increasing trends of online information searching, especially by the CDC clientele and stakeholders.

The customized Content Management System (CMS) developed and provided along with the portal will enable CDC to cater to the business needs of its customers more efficiently and proactively. The contract also includes CMS training sessions to be conducted by KalSoft trainers for CDC employees, allowing them to independently manage and operate the Web portal on their own.

About CDC:
Established in 1997, Central Depository Company of Pakistan Limited is the sole entity handling the electronic (paperless) settlement of transactions carried out at the country’s stock exchanges. CDC primarily operates the Central Depository System (CDS), an electronic book entry system used to record and maintain securities and their transfers registration. The system changes the ownership of securities without any physical movement or endorsement of certificates and execution of transfer instruments. The CDS manages Ordinary & Preference shares, TFCs, WAPDA Bonds, Sukuk, Open End funds, and Modaraba Certificates. Additionally, CDC offers Investor Account Services (IAS) providing investors complete control over their securities portfolio with over 43000 investor accounts. It has also emerged as the largest provider of Trustee & Custodial services in the private sector, boasting a clientele of the country’s leading Asset Management Companies. CDC also plans to launch Registrar Transfer Agents (RTA) services soon.

Sitting (from left to right): Ejaz Ali Shah, General Manager – Head of Marketing & Customer Support Services, CDC; Kamran Qazi, CFO & Company Secretary, CDC; Yasar Noor, SVP – Sales & Subsidiaries, KalSoft; Fahad Shameem, GM Sales – South Pakistan, KalSoft.

Standing (from left to right): Syed Faisal Hashmi, Manager – Marketing & Customer Support Services; Ali Bilal, Assistant Manager – Marketing & Customer Support Services; Waqas Hashmi, Senior Manager – Sales, KalSoft; Nawaz Ahmed, Senior Project Manager, KalSoft.