KARACHI
Securities and Exchange Commission of Pakistan (SECP)’s Senior Commissioner, Zafar Abdullah will be appointed as the new acting chairman, the SECP sources informed.
“The federal government may issue the notification of his appointment in the next two days as Ishaq Dar is not happy with Tahir Mehmood,” the officials claimed.
Tahir Mehmood and others members of the SECP recorded their statements before the Federal Investigation Agency (FIA), in record tempering case of Chaudhry Sugar Mills of Prime Minister Nawaz Sharif.
In this connection, a summary through minister for the law has been forwarded to the prime minister on Saturday morning, they added.
Zafar Abdullah is the commissioner overseeing the functions of specialised companies division and information system and technology department.
Federal Finance Minister Ishaq Dar is now against Tahir Mehmood, due to statements he gave in the case of Former SECP Chairman Zafar A Hijazi. He has given an opinion that Tahir Mehmood is the junior most commissioner in the SECP, the sources claimed.
As the opinion was vague, they moved the summary for PM through the ministry of law just to avoid responsibility for another unlawful proposal.
Zafar Abdullah holds a bachelor’s degree in commerce from the University of Karachi and is a fellow member of the Institute of Chartered Accountants of Pakistan.
He did his articles from KPMG Pakistan and received extensive training in the areas of assurance and audit, financial advisory and corporate advisory.
Earlier, he had served in the SECP as executive director in the securities market division, Karachi Stock Exchange as chief of operations, central depository company as head of operations, Dewan Mushtaq Group as chief compliance officer/company secretary and Crosby Securities Pakistan Limited as chief executive officer.
His last assignment was as company secretary and head of legal division with Faysal Bank Limited. He joined the SECP as a commissioner on August 17, 2012.
