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Wednesday, September 20th, 2017

Clarification – Securities and Exchange Commission of Pakistan denounces incorrect reports

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Islamabad, August 12 2013 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) has denounced the spate of recent unfounded criticism in a section of the press. The criticism appears to be an attempt to try and turn the Ogra Case a base to spread malicious rumours and unsubstantiated accusations against the SECP and its officers.

Therefore, the impression that the SECP officials had been putting obstacles in the way to inquiry was totally baseless. Mr Imtiaz Haider Commissioner SECP strongly denies that he is being investigated in Ogra case. As for as the 2008 Stock Market crash is concerned, it is informed that the SECP has already constituted a committee which will present its report shortly.

The SECP views with great concern that certain elements are spreading these baseless insinuations about the SECP, which is deplorable. It is interesting to note that the Mr Imtiaz Haider and Mr Asif Arif has joined the SECP as Commissioners in the year 2011.

The Commission deplores an organized campaign to malign the image of the regulator by publishing facetious and fabricated stories. The false and incorrect information shows the mala fide of the source of the news. The Commissioners reserve the right to make legal action against the publishers of incorrect news items.

For more information, contact:
Shakil Ahmad Chaudhary
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +9251 921 4005 or 921 4009 (Ext. 378)
Fax: +9251 920 6459
Cell: +92302 855 2254
E-mail: shakil.chaudhary@secp.gov.pk

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