ISLAMABAD: Federal Board of Revenue Inland Revenue Policy Member Shahid Hussain Asad will participate in National Clearing Company of Pakistan Limited’s (NCCPL) board of directors meeting in upcoming weeks here at Karachi.
As per details, Asad is included in the board of directors of the company. The NCCPL is a significant institution of Pakistan’s capital market providing clearing and settlement services to all three stock exchanges in the country.
The company was incorporated on July 3, 2001 to manage and operate the National Clearing and Settlement System (NCSS) in a fully automated electronic settlement system. The capital market of Pakistan has a triangular foundation comprising of the stock exchanges, Depository Company and NCCPL; the goal of all being an economically stronger, more prosperous Pakistani capital market. Armed wih this vision, NCCPL is playing a significant role in ensuring growth and prosperity to the capital market of Pakistan.
