Govt appoints interim SECP chairman
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ISLAMABAD: Tahir Mehmood has been appointed as the acting Chairman of Securities and Exchange Commission Pakistan (SECP) on Wednesday.
The government also notified the appointment of Jameel Ahmed as the Deputy State Bank of Pakistan. He was previously working as the executive director in the central bank.
The notification was issued after Finance Minister Asad Umar arrived back from his visit to Saudi Arabia. Former chairman Shaukat Hussian had earlier tendered his resignation on 19 Oct which was subsequently accepted by the finance ministry.
The SECP had earlier informed that a summary was forwarded to the Prime Minister Imran Khan for the appointment of new chairman.
However, decision was delayed after finance minister and prime minister both left for Saudi Arabia to attend the ‘Future Investment Initiative’ in Riyadh.
Prime minister was able to secure a pledge of $6 billion in financial support from Saudi Arabia to help avert a balance of payment crisis.
Hussain’s resignation came after two weeks of confusion after rumours circulating in the federal capital suggested that Prime Minister Imran Khan had directed finance ministry to remove him from the top position.
Pulished in Dawn, October 25th , 2018
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