The Central Depository Company of Pakistan (CDC) has onboarded Arif Habib Limited to its RAAST Aggregator Platform, marking a significant advancement in enabling secure, instant fund transfers for investors. This strategic integration, supported by Catalyst IT Solutions, furthers CDC’s mission to drive digitalization, transparency, and operational efficiency across Pakistan’s capital market.
A signing ceremony took place at CDC House, where Mr. Badiuddin Akber, Chief Executive Officer of CDC, and Mr. Shahid Ali Habib, Chief Executive Officer of Arif Habib Limited, officially sealed the agreement.
Under this system, CDC assigns each investor’s sub-account a unique RAAST Investment ID, formatted as an IBAN. When added as a beneficiary in the investor’s bank, funds transfer directly to the broker’s client account—settling within minutes and making them available for trading almost instantly.
Commenting on the occasion, Mr. Badiuddin Akber stated, “The integration of Arif Habib Limited into CDC’s RAAST Aggregator marks a milestone in transforming how investors move funds. This platform delivers speed, security, and seamless responsiveness, meeting the evolving needs of Pakistan’s capital market.”
Sharing his view, Mr. Shahid Ali Habib added, “We are proud to partner with CDC on this initiative, which aligns with our commitment to innovation and investor-centric service. This RAAST integration brings greater convenience and confidence to our clients.”
During the ceremony, the Arif Habib team was also briefed on CDC’s Asaan Connect onboarding tool, designed to simplify KYC processes for capital market participants. The initiative was warmly received, with both parties expressing intent to collaborate on future solutions enhancing investor facilitation and market accessibility.
The onboarding of Arif Habib Limited adds to CDC’s expanding series of broker integrations—designed to elevate investor convenience, accelerate digital empowerment, and bolster trust in Pakistan’s capital market ecosystem. Previous integrations include Muhammad Munir Muhammad Ahmed Khanani Securities, AKD Securities, Chase Securities, EClear Services Limited, Zahid Latif Khan Securities, and Standard Capital Securities, with more brokerage firms set to join soon.
