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CDC reduces custody fee on shares

KARACHI (March 27 2004): The Central Depository Company (CDC) has again reduced the custody fee charged on shares (equity securities) from 0.045 to 0.035 percent per annum.

According CDC's spokesman that its clients had immediately been informed about this 22.22 percent reduction and uploaded on the its website: www.cdcpakistan.com for ready reference of clients.

The reduction has been put in effect by CDC from March 22 obtaining the approval from Securities and Exchange Commission of Pakistan (SECP).

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