Islamabad: Securities and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan on Thursday (October 27) launched Pakistan’s first Central Digital Distribution Gateway (CDDG) portal for digital asset management, news sources reported.
The new digital system would make it simpler for investors and non-resident Pakistanis (NRPs) to invest in the stock exchange by providing a single entry point into the capital markets. At the portal’s opening ceremony, SECP Chairman Amir stated that the company is steering the asset and the EMLAAK platform, as the country’s first digital distribution and aggregator platform, is a key step toward expanding investor outreach and improving customer experience. He claims that the internet platform would enable investors to make informed decisions using available statistics and an interactive user interface without physically contacting asset management organisations.
Moreover, Mr Khan also emphasized the success of the Roshan Ditial Account (RDA), which has attracted PKR 7 billion in direct investment from non-resident Pakistanis in the Pakistan Stock Exchange (PSX).
It is worth noting that SECP formed EMLAAK in July to broaden the investor base and improve asset management through the Central Depository Company (CDC).
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
