Sadiq Ali is a finance professional with extensive experience, currently serving as a Senior Finance Officer at Central Depository Company of Pakistan Limited since February 2021, where responsibilities include the preparation of financial statements in compliance with IAS 26 and monthly reporting for retirement funds in accordance with IAS 19. Simultaneously, Sadiq also works with Pakistan Petroleum Limited as Contractual Staff, focusing on final settlements for pension and provident funds, ensuring accuracy in actuarial computations and SAP updates. Prior experience includes a role as Executive Finance at Master Motors Pakistan, involving the oversight of payment processes and documentation, and a brief tenure as an Advisory Trainee with Ernst & Young. Sadiq holds a CMA degree from the Institute of Cost and Management Accountants of Pakistan, complemented by an M.Com and B.Com in Accounting and Finance from Federal Urdu University of Arts, Science & Technology.
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Central Depository Company of Pakistan Limited
Central Depository Company is the infrastructure backbone and the Ultimate Custodian of the Pakistan Capital Market. Established as a securities depository, CDC is the sole entity handling the electronic (paperless) settlement of transactions carried out at the Pakistan Stock Exchange. We are regulated by SECP and have offices in Karachi, Lahore and Islamabad. CDC is ISO/IEC 27001:2013 certified for Information Security Management and ISO/IEC 22301:2012 certified for its Business Continuity Management Program. It is also an Approved Employer by ACCA, ICAP, ICAEW and CIMA. CDC is a member of Asia-Pacific Central Securities Depository Group (ACG), which is an international organization facilitating the exchange of information, promoting mutual assistance among member securities depositories and clearing organizations in the Asia Pacific region. Primarily, CDC’s function was to operate the Central Depository System (CDS) for all financial instruments traded in Pakistan Capital Market. However, with the ever growing need for efficient and technology driven mechanisms in other markets and industries, we have diversified our business beyond the traditional depository domain. Our services portfolio now includes Trustee and Custodial Services and Share Registrar Services.