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The Policy Board

While ensuring full autonomy of the Commission, the 1997 Act provides for establishment of a Securities and Exchange Policy Board (Policy Board). The main objective of the Policy Board is to provide guidance to the Commission in all matters relating to its functions and to formulate policies in consultation with the Commission. The Policy Board is also responsible for advising the Government on matters falling within the purview of the Act and other corporate laws; and also to express its opinion on policy matters referred to it by the Government or the Commission.

According to the Act, the Policy Board should consist of a maximum of nine members appointed by the Federal Government, including five ex-officio members and four from the private sector. The ex-officio members are:

  1. Secretary, Finance Division;
  2. Secretary, Law and Justice Division;
  3. Secretary, Commerce Division;
  4. Chairman of the Commission; and
  5. a Deputy Governor of the State Bank of Pakistan (SBP).
The Policy Board presently consists of:

 

 

  Ex-officio Members  
 

Dr. Waqar Masood Khan
Chairman, Securities and Exchange Policy Board

waqar-pic
 

Secretary, Finance Division
‘Q’ Block, Pak Secretariat
Islamabad
Tel:(Off) 051-9202373 / 9203424
(Res) 051-9204010
Fax: 051-9201857
Cell: 0300-8565240

     
 

Mr. Zafar Hijazi
Member, Securities and Exchange Policy Board

Chairman
 

Chairman, Securities and Exchange Commission of Pakistan
NIC Building, Jinnah Avenue
Islamabad
Tel:(Off) 051-9100426, 051-9100425
Email: chairman@secp.gov.pk

     
 

Mr. Justice (R) Muhammad Raza Khan
Member, Securities and Exchange Policy Board

Raza Khan
 

Secretary,
Law, Justice and Human Rights Division
Block ‘S‘, Pak Secretariat
Islamabad
Tel: (Off) 051-9202712
Fax: 051-9207995
Cell: 0308-5203001
Email: secretary@molaw.gov.pk

     
 

Mr. Muhammad Shehzad Arbab
Member, Securities and Exchange Policy Board

secretary-pic
  Secretary,
Commerce Division
'A' Block, Pak Secretariat,
Islamabad
Tel: (Off) 051-9210277
Fax: 051-9203104
Email: secretary.moc@gmail.com
     
 

Mr. Saeed Ahmad
Member, Securities and Exchange Policy Board

saeed_ahmed
 

Deputy Governor,
State Bank of Pakistan, Karachi
Tel: (Off) 021-99212451 / 99212452
Fax: 021-99212427
Cell: 0320-2472222
Email: saeed.ahmad@sbp.org.pk

 
Private Sector Members
 
 
Senator Osman Saifullah Khan
Member, Securities and Exchange Policy Board

Mr. Osman Saifullah Khan has been a member of the Senate since March 2012. He was elected unopposed as a member of the PPP from Islamabad. He is on four Senate Standing Committees: Finance, IT and Telecommunications, Petroleum and Natural Resources, and the Textile Industry.

Before his election to the Senate, he held a variety of strategic and operating positions with the Saif Group, a diversified industrial and services conglomerate headquartered in Islamabad. He joined the Saif Group in 1995, and today leads the textile manufacturing businesses of the group. Since 2010, he has also led the group’s principal investing and its business development teams.

He is a director on the boards of several Saif Group companies, and has served as a member of the Board of Management of Pakistan State Oil (PSO), Pakistan’s largest corporation. He is associated with various industry advocacy platforms. In addition, he is a member of the Pakistan Business Council, and has served as chairman of the Khyber Pakhtunkhwa chapter of the All Pakistan Textile Mills Association (APTMA). He is also an advisor to the president of Ghulam Ishaq Khan Institute of Engineering Sciences (GIKI). He is a member of the Young Presidents Organization (YPO).

He holds a master’s degree in engineering, economics and management from Christ Church, a constituent college of Oxford University (1995), and an MBA from the Graduate School of Business, Stanford University (2009).

 


osman_khan
 

House No 13, Street No 25
F-6/2, Islamabad
Tel: 051-2273388 (work); 2275595; 2826626 (home)
Fax: 051-2277843
email: osmanskhan@saifgroup.com

     
 
Mr. Javed Aslam Callea
Member, Securities and Exchange Policy Board

Mr Javed A. Callea is an eminent financial sector professional. He has over 38 years of experience, mostly in the financial institutions with certain exposure to service and infrastructure sectors in Pakistan.

He has held the position of chief executive of a leasing company for 10 years. His core areas of expertise include leasing, development financing, project management, investment and merchant banking, strategic investment management and real estate development. He has also served as Member, Finance of Water and Power Development Authority (WAPDA), where he gained valuable experience of social, economic and financial impact of infrastructure projects.

He has also served on the boards of several banks, financial institutions, industrial concerns and as a nominee director of the SECP on the board of Karachi Stock Exchange. He earned his MBA from the Institute of Business Administration in 1974, and has attended various seminars and conferences locally and internationally.


javed_aslam
 

Home: 200/1, Khayaban-e-Tariq
Phase-VI, DHA, Karachi
Business: Advisor, JCR-VIS Credit Rating Co. Ltd
VIS House, 128-C, Jami Commercial
Street 14 Phase VII, DHA, Karachi
Tel: 021-35311861
Fax: 021-35311873
Cell: 0300-8235154
email: j.callea@hotmail.com

     
 
Hafiz Mohammad Yousaf
Member, Securities and Exchange Policy Board

Hafiz Mohammad Yousaf is a chartered accountant, with over 30-year diverse experience. He has professional qualifications awarded by prestigious institutions of the world. He was first elected as Council Member of the Institute of Chartered Accountants of Pakistan (ICAP) in 2009 for a four-year term (2009–2013). He has also served as the ICAP vice president (2010-11).

He has been re-elected to the council of the Institute of Chartered Accountants of Pakistan for another four-year term (2013-2017). Currently, he is the chairman of the Professional Standards and Technical Advisory Committee, responsible for adoption and issuance of all accounting and auditing pronouncements as well as handling of significant technical matters relating to the corporate sector of Pakistan.

He has a broad international exposure, and has worked on numerous professional assignments. At present, he is a board member of the Asian-Oceania Standard-Setters Group (AOSSG), formed by the International Federation of Accountants (IFAC) in 2011. He has represented the ICAP on a number of international forums and conferences, including the World Congress of Accountants (2010), and is a regular participant of the meetings/conferences organized by the International Forum of Accounting Standard Setters (IFASS), the International Accounting Standard Board (IASB) and the Asia Oceania Standard Setters Group (AOSSG), etc.

In addition, he keenly takes part in various social, charitable and sports activities. He was part of the Rotary Club Islamabad Metropolitan and served as treasurer and joint secretary. Currently, he is the board member of Old Ravians Association and the Care Foundation. He is also associated with the fundraising activities of Shifa Eye Trust Hospital.


hafiz_yousaf
 
66-E FCC, Syed Maratab Ali Road
Gulberg-IV, Lahore
Tel: 042-35757188;35870793
Cell: 0300-8403800
Fax: 042-35763091
email: hmyousaf.myasco@gmail.com
hmyousaf@gmail.com

     
 

Mr. Kamal Hassan Siddiqui
Member, Securities and Exchange Policy Board

Mr. Kamal Hassan Siddiqui is a renowned corporate lawyer of Baluchistan with over 25 years of experience. He holds professional memberships of Tax Practitioners’ Baluchistan Bar Council, Baluchistan Tax Bar Council and Quetta Chamber of Commerce and Industry. He is also a member of social sector organizations such as Rotary International, Quetta Club, Taleem Foundation, Helpers Association of Pakistan and Foundation of Research on National Defense and Society.


kamal-pic
 


Second Floor, Firdusi Building
Rustam Jee Lane
Jinnah Road, Quetta
Tel: 081-2822481
Cell: 0334-2422622
Fax: 92-81-2843288 / 2823178
email:taxawaykhs@yahoo.com

     
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