The removal of Chairman of Securities and Exchange Commission of Pakistan (SECP), Mr. Muhammad Ali by the Supreme Court has come as a victory for the corporate mafia who were working hard to engineer his fall for their own ends. A slanderous campaign was visible in certain sections of the media just days before the Supreme Court decided to take action on grounds that his appointment had not followed the laid down processes and procedures.
Mr. Ali had performed well during his two and a half years tenure as the chairman of SECP, adopting a balanced and fair approach in discharging his official obligations without targeting any specific business group; in the process enhancing the institutional enforcement capacity of SECP. His action against some entities involved in unfair trade practices earned him the grudge of those implicated who cleverly identified the available legal opportunities to get him out of their way. Though side lined by the Court orders seeking transparency and adherence to laid down procedures, Chairman SECP’s removal has harmed the public good rather than enhancing it.
MAQSOOD AHMAD GILL
Islamabad
Mohammed Ali Ghulam was a 'lota' to Aqueel Dhedhi. I heard him myself tell people that AKD did his interview for Chairman SECP and arranged it for him.
Comments are closed.