ISLAMABAD

Upon instructions of Federal Minister for Interior and Narcotics Control, a joint task force of the FIA and SECP has been established.

This is to set a coordination mechanism between two organizations to deal with sensitive issues in capital market. The 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.

Zafar Hijazi, Chairman SECP, is of the opinion that this endeavor will lead to greater investor protection & confidence in the capital market of Pakistan.