Joint Task Force of Securities and Exchange Commission of Pakistan and Federal Investigation Agency on Capital Market formed

Islamabad, January 18, 2016 (PPI-OT): Upon instructions of the honourable Federal Minister for Interior and Narcotics Control, a Joint Task force of the Federal Investigation Agency (FIA) and Securities and Exchange Commission of Pakistan (SECP) has been established. This is to set a coordination mechanism between two organizations to deal with sensitive issues in capital market. This Joint Task force will discuss all matters prior to initiation of any actions by FIA pertaining to the capital market of Pakistan.

Taking swift actions in this connection, both the government institutions have nominated their seniors officers as members for the Joint Task Force. Furthermore, nominations of officers at the zonal/operational level between the two institutions have been initiated. The first Joint Task Force meeting in this regard, is scheduled to be held on January 19, 2016 at Federal Investigation Agency Headquarters in Islamabad. Mr. Zafar Hijazi, Chairman SECP is of the opinion that this endeavour will lead to greater investor protection and confidence in the capital market of Pakistan.

For more information, contact:
Shakil Ahmad Chaudhary
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +92-51-9214005 or +92-51-9214009 (Ext. 378)
Fax: +92-51-9206459
Cell: +92-302-8552254
E-mail: shakil.chaudhary@secp.gov.pk
Website: www.secp.gov.pk