ISLAMABAD: The Ministry of Finance on Friday notified the appointment of Zafar-ul-Haq Hijazi as chairman of Securities and Exchange Commission of Pakistan (SECP).

The SECP has been without a regular head for the past 20 months. Its last chairman Muhammad Ali was removed from the post by the Supreme Court. Commissioner Tahir Mahmood had been the acting chairman SECP since April 2013.

In his message the new chairman warns: “There will be zero tolerance for major offences, and our policy will be to strengthen and empower regulators.”

Published in Dawn, December 20th, 2014

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