Pakistan, May 19 -- The Competition Commission of Pakistan (CCP) on Monday approved the proposed investment by the Central Depository Company of Pakistan Limited (CDC) in Naymat Collateral Management Company Limited (NCMCL) following a Phase-I review conducted under the Competition Act, 2010.

CDC had submitted a pre-merger application to the Commission under Section 11 of the Act, seeking approval for the subscription of additional ordinary shares in NCMCL. Following a competition assessment, the Commission authorized the transaction, allowing CDC to acquire additional shareholding in the company.

CDC, established in 1993, is one of Pakistan's key capital market institutions, providing electronic custody of securities, settlement facili...