Chairman SECP Zafar Hijazi removed, new Chairman appointed

Shares
Chairman SECP Zafar Hijazi removed, new Chairman appointed

ISLAMABAD: The arrested Chairman of SECP Zafar Hijazi has been removed from his post today.

The government on Friday decided to appoint Tahir Mehmood, serving as a senior commissioner at the Securities and Exchange Commission of Pakistan (SECP), as the acting chairman for the regulatory body, according to sources.

The decision was taken after the arrest of Zafar Hijazi, said sources at the finance ministry.

Sources added that Mehmood has also given a statement against Hijazi before the Federal Investigation Agency (FIA).

Earlier today, Hijazi was arrested by the FIA after after Special Judge Central Tahir Mehmood's cancelled his bail.