US Consul General visits CDC

KARACHI: US Consul General Rob Silberstein in Karachi headed a team of US Consulate to visit the Central Depository Company of Pakistan Limited (CDC), said a statement on Monday.

Representatives of leading Pakistani corporates and US Businesses in Pakistan attended this event.

Moin M. Fudda, Chairman CDC Board of Directors, welcomed the delegation and spoke about the long term bilateral relations between US & Pakistan while stressing on the need to foster greater ties on business and trade initiatives.

Badiuddin Akber, CEO-CDC, while giving an overview on the Pakistan Capital Market landscape and CDC’s key role in its development, while highlighting the association between CDC and its counterparts from the US Capital Market.

US Consul General Rob Silberstein lauded CDC on its achievements in transforming the Pakistani Capital Market.

He said: “It is vital to take concrete steps to bring our two economies closer together for the benefit of both countries.

“The fact that so much of Pakistan’s financial sector has been built on the close people-to-people and business- to-business ties between the U.S. and Pakistan is something that needs to be better appreciated.

“The U.S. and Pakistan can and should bring together expertise and technology for bigger future private sector projects as well as through more effective Public Private Partnerships.”

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