ISLAMABAD: The government is likely to remove Aamir Khan, Chairman Securities Exchange Commission of Pakistan (SECP) while Akif Saeed is expected to be the next Chairman of SECP, it was learnt on Thursday.
According to sources, the Finance Ministry has paved the legal path for the change of SECP chairman and federal cabinet, through circulation of summary, has granted its approval to appoint three new commissioners of the SECP.
Sources said that the federal cabinet has approved to appoint Akif Saeed, Abdul Rehman and Mujtaba Ahmed Lodhi as new commissioners of the SECP.
They added that Akif Saeed had worked as SECP commissioner during the former government of Pakistan Muslim League-Nawaz (PML-N) while Abdul Rehman worked as Director General (Debt).
As per sources, the federal government shall appoint one of the Commissioners to be the Chairman of the Commission, and no Commissioner shall be appointed Chairman for more than two consecutive terms.
It is pertinent to mention here that three posts of the Commissioners of SECP were lying vacant for quite some time and the incumbent government has been trying to fill these positions with suitable candidates. And, Finance Ministry in order to fill the vacant positions of three Commissioners had earlier issued interviews letters to Bilal Rasool, Raheel Ahmed, Muhammad Imran, Akif Saeed, Javed Ahmedjee, Vadiyya Khalil, Khalida Habib, Syed Aamir Bukhari, Siraj Ahmed, Khalid Mehmood Bhatti, Imran Inayat Butt, Abdul Rahman Warraich, Abid Hussain, Mian Aamir Mumtaz, Ziaul Mustafa, Abdul Majid Alvi, Muhammad Farooq, Muhammad Javed Qureshi, Mujtaba Ahmed Lodhi and Jahanara Sajjad Ahmed. Moreover, the Finance Minister Ishaq Dar-led committee had reportedly completed the interview process of the shortlisted candidates to fill the posts of the Commissioners in the Securities Exchange Commission of Pakistan (SECP).