Modarba Association endeavors to expand outreach of capital market

Amanullah Khan

Karachi

The NBFI & Modaraba Association of Pakistan has entered into an agreement with Central Depository Company (CDC) to open an office at the Abbottabad Sarmayakari Markaz (ASM) for providing Investor Education and Awareness of the sector and expand outreach of its members to the residents of Abbottabad and the surrounding cities of Haripur, Mansehra, and Balakot etc.
NBFI & Modaraba Association of Pakistan is a representative body of Modarabas, Leasing Companies, a few Investment Banks and a Window Takaful Operations operating in the country. ASM is Pakistan’s first ever Capital Market Business Hub, established by Securities and Exchange Commission of Pakistan (SECP) in collaboration with the Central Depository Company of Pakistan Limited (CDC).
Capital Market Business Hub is a concept of centralized premises where major capital market entities maintain their presence. Through this endeavor, the outreach of the capital market will be greatly enhanced especially in smaller cities of the country. The agreement was signed by Ayaz Dawood, Chairman, NBFI & Modaraba Association of Pakistan and Aftab Diwan, CEO – CDC.

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