SECP board meets today

Published July 14, 2007

ISLAMABAD, July 13: The Securities and Exchange Commission of Pakistan’s policy board will meet on Saturday to discuss, among their issues, the SECP reforms plan. The meeting will also discuss the important issues of the Real Estate Investment Trusts (REITs), amendments to the Companies Ordinance and demutualisation of the stock exchanges.

The board will also will take up the controversial issues of the alleged monopoly of a few officials as well as promotions and appointment of consultants on lucrative salaries.

Adviser to the prime minister on finance Dr Salman Shah will chair the policy board meeting for the first time after he got approval from the federal cabinet last month for the new assignment.

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