Govt appoints new SECP chairman

ISLAMABAD:

The federal government has approved the appointment of Dr Kabir Ahmed Sidhu as the new chairman of the Securities and Exchange Commission of Pakistan (SECP) with immediate effect. The decision was notified by the Finance Division.

Sidhu is currently serving as the chairman of the Competition Commission of Pakistan (CCP), where he has led significant institutional turnarounds in the commission's history. When he took office in August 2023, the CCP was facing long-standing enforcement bottlenecks and a large backlog of litigation and inquiries. Within two years, the commission reduced its court case backlog by over 70%, with 434 cases decided out of 567 pending matters, said a statement.

Sidhu holds a Bachelor's degree in Law, an LLM in Banking, Insurance and International Business Law, and a PhD from the University of Manchester.