Committee to be briefed on pending scams in stock exchanges. PHOTO: FILE
A meeting of the National Assembly’s Standing Committee on Finance, Revenue, Economic Affairs, Statistics and Privatisation will be held on Friday.
Committee chairperson Shaza Fatima Khawaja will preside over the meeting which will be attended by Finance Minister Ishaq Dar and other panel members. The committee members are Saeed Ahmed Khan Manais, Qaiser Ahmad Sheikh, Rana Shamim Ahmed Khan, Daniyal Aziz, Muhammad Pervaiz Malik, Alam Dad Laleka, Sheikh Fayyazuddin, Khalida Mansoor, Leila Khan, Phyllis Azeem, Syed Mustafa Mehmud, Syed Naveed Qamar, Dr Nafisa Shah, Nasir Khan Khattak, Murad Saeed, Muhammad Ali Rashid, Abdul Rashid Godil, Sardar Muhammad Jaffar Khan Leghari and Aftab Ahmad Khan Sherpao.
The ministry of finance secretary and the chairman of the Securities and Exchange Commission of Pakistan (SECP) will brief committee members on scams and irregularities in SECP and stock exchanges, and the inquiries pending with the commission which have caused huge losses to the exchequer due to delays.
A briefing regarding the ministry of finance and revenue will be given to the committee.
Former SECP chairman Muhammad Ali has also been summoned with all relevant records, in addition to the finance secretary and incumbent SECP chairman.
Notices have also been issued to SECP’s managing directors in Islamabad, Lahore and Karachi along with the chairmen of JS Group, AKD Group and Malik A Awan Securities.
Published in The Express Tribune, March 27th, 2014.
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