Federal cabinet re-appoints Aamir Khan as SECP chairman

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Securities and Exchange Commission of Pakistan Commissioner and Cabinet Aamir Ali Khan. — SECPSecurities and Exchange Commission of Pakistan Commissioner and Cabinet Aamir Ali Khan. — SECP
  • Cabinet besides re-appoints Aamir Khan arsenic SECP commissioner due to the fact that it is simply a pre-requisite for his re-appointment arsenic the chairman.
  • PM Imran Khan had appointed Aamir arsenic SECP commissioner successful 2018 and was aboriginal made the president successful 2019.
  • During furniture meeting, Shaukat Tarin was apprised astir the advancement of SECP successful the past 3 years.

ISLAMABAD: The national furniture has re-appointed Aamir Ali Khan arsenic Commissioner Securities and Exchange Commission of Pakistan (SECP), for a "further word of 3 years with effect from December 6, 2021."

According to a notification issued by the Finance Division, connected his re-appointment arsenic SECP commissioner, the national authorities has appointed him arsenic the SECP chairman, successful the workout of powers conferred nether Section 6 of the Security and Exchange Commission of Pakistan Act, 1997.

It is pertinent to notation present that Prime Minister Imran Khan had appointed Aamir arsenic SECP commissioner successful 2018 and helium was aboriginal made the president successful 2019.

According to a connection issued by the speech commission, Adviser to Prime Minister connected Finance and Revenue Shaukat Tarin was apprised astir the advancement of SECP successful the past 3 years.

“The state has adopted broad reforms to facilitate the backstage sector, travel of superior to tiny businesses and startups, and to beforehand and fortify the superior market,” the connection read.

The speech committee has wholly digitalised the process of registration for companies owed to which the registration of companies successful the state has accrued by 70% successful 3 years and the fig of registered companies successful Pakistan has accrued from 92,000 to much than 156,000.

The furniture committee was informed that a Secure Transaction Registry has been acceptable up to facilitate the proviso of superior to startups and SMEs, “which is an important measurement successful securing loans to SMEs.”

Shedding airy connected the show of the Pakistan Stock Exchange (PSX), the committee contempt COVID-19 the banal marketplace continued to execute portion successful immoderate countries the operations had to beryllium stopped.

The process of Initial Public Offerings (IPOs) has besides been digitalised, arsenic a result, during the past twelvemonth 10 IPOs were introduced and the companies person raised Rs56 cardinal from the banal marketplace successful the play nether discussion.

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