FIA, SECP establish joint task force

The move is aimed at setting a coordination mechanism between the two organisations to deal with sensitive issues


Our Correspondent January 19, 2016
Chaundhry Nisar Ali Khan. PHOTO: APP/FILE

KARACHI:


A joint task force of the Federal Investigation Agency (FIA) and the Securities and Exchange Commission of Pakistan (SECP) has been established on the instruction of the Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan.


The move is aimed at setting a coordination mechanism between the two organisations to deal with sensitive issues in the capital market, said a press release.


The joint task force will discuss matters prior to the initiation of any action by the FIA pertaining to the capital market of Pakistan, it added.Although the press release did not mention it, the formation of the task force appears to be in response to the recent detention of the AKD Securities CEO by the FIA.


“Taking swift actions in this connection, both the government institutions have nominated their senior officers as members for the joint task force.”

Published in The Express Tribune, January 19th, 2016.

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