ISLAMABAD: The government on Friday appointed Muhammad Ali Ghulam Muhammad chairman of the Securities and Exchange Commission of Pakistan (SECP) for a three-year term with immediate effect.
The post was lying vacant since November 29 when the term of Salman Ali Shaikh expired. The new chairman has an MBA from IBA and has served as member of the Karachi Stock Exchange Board. He is expected to take charge of his duties on December 27. Sources said the government was expected to appoint three more commissioners to the SECP, including Imtiaz Haider, Itrat Rizvi and Ashraf Muhammad Hayat. Presently, the commission is operating with only one senior official, Commissioner Company Law Division Tahir Mahmood.
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