Tahir Mehmood has been officially appointed as the acting chairman of the Securities and Exchange Commission of Pakistan (SECP).
Being the senior most commissioner of SECP, Tahir Mehmood will act as the chairman till the appointment of a new chairman, as Shaukat Hussain Abbasi’s resignation as SECP chairman has been accepted with immediate effect.
It is pertinent to mention that former SECP chairman Shaukat Hussain Abbasi last week resigned from his post, though the PTI government had announced his removal some two weeks back.
Shaukat Hussian was the most junior of the existing commissioners, who was given the charge by former Prime Minister Shahid Khaqan Abbasi during the last month of his government. He was also the most junior among the nine executives in the commission, but he was given promotion thrice during final year of the PML-N government and was raised to the post of chairman.
Before October 2017, he did not head any department in the SECP. This appointment was also challenged in the Lahore High Court. Some two weeks back, the PTI government had announced Shaukat Hussain Abbasi’s removal from his seat, but due to some bureaucratic dilly-dallying, notification of his removal was not been issued.
