About SECP
Mission, Vision, Strategy, Strategic Objectives
The SECP Act 1997
Bilateral Agreements
International Memberships
Policy Board
The Commission
Senior Management
Chairman's Secretariat
Appellate Bench
Internal Audit Department
Information Systems and Technology Department
Investor Education and International Relations Department
Litigation, Legislation and General Counsel Division
Support Services Division
      Company Law Division
      Securities Market Division
      Specialized Companies Division
      Insurance Division
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


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


Mr. Zafar Hijazi
Member, Securities and Exchange Policy Board


Chairman, Securities and Exchange Commission of Pakistan
NIC Building, Jinnah Avenue
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

Law, Justice and Human Rights Division
Block ‘S‘, Pak Secretariat
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

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

Mr. Saeed Ahmad
Member, Securities and Exchange Policy Board


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
Mr. Osman Saifullah Khan
Member, Securities and Exchange Policy Board

Osman Saifullah Khan was elected unopposed to the Senate of Pakistan in March 2012. He is a member of the Pakistan Peoples Party (PPP) and represents the Federal Capital Islamabad. Mr. Khan serves on four Senate Standing Committees: (i) Finance (ii) IT& Telecommunications (iii) Petroleum & Natural Resources, and (iv) Textile Industry.

Before his election to the Senate, Osman Saifullah Khan held a variety of strategic and operating roles with the Saif Group, a diversified industrial and services conglomerate headquartered in Islamabad. Mr. Khan joined the Saif Group in 1995, and today leads the textile manufacturing businesses of the Group. Since 2010, Osman Khan has also led the Group’s Principal Investing and its Business Development teams. Osman Khan is a director on the Boards of several Saif Group companies, and has remained a member of the Board of Management of Pakistan State Oil (PSO), Pakistan’s largest corporation. He is associated with various industry advocacy platforms, is a member of the Pakistan Business Council, and has remained Chairman of the All Pakistan Textile Mills, APTMA, Khyber Pakhtunkhwa region. He is also an Advisor to the President, Ghulam Ishaq Khan Institute of Engineering Sciences (GIKI). Osman Khan is a member of the Young Presidents Organisation (YPO).

Osman has a Master’s degree in Engineering, Economics and Management from Christ Church, University of Oxford (1995) and a Master’s degree in Business Administration (MBA) from the Graduate School of Business, Stanford University (2009).


House # 13, Street # 25
F-6/2, Islamabad
Tel: (Off) 051-2273388
(Res.) 051-2275595 / 2826626
Fax: 051-2277843
Email: osmanskhan@saifgroup.com

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

Mr Javed A. Callea is a professional in the financial sector with 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 cover leasing, development financing, project management, investment & merchant banking, strategic investment management and Real Estate Development. He has also served as Member Finance of Water & Power Development Authority of Pakistan where he gained experience of social, economic and financial impact of infrastructure projects.

During his career he has served on the Boards of several Banks, financial institutions, industrial concerns and as the nominee director of the Securities & Exchange Commission of Pakistan on the Board of Karachi Stock Exchange. He earned his MBA degree from the Institute of Business Administration in 1974, and has attended various seminars and conferences locally and internationally.


200/1, Khayaban-e-Tariq
Phase-VI, DHA, Karachi
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
Cel: 0300-8235154
Email: j.callea@hotmail.com

Hafiz Mohammad Yousaf
Member, Securities and Exchange Policy Board

Hafiz Mohammad Yousaf is a Chartered Accountant by profession, spreading his experience over thirty years with having a unique combination of professional qualifications awarded by prestigious institutions of the world. He was first elected as Council Member of ICAP in 2009 for a four years’ term (2009 – 2013). He has also served as ICAP Vice President for the term 2010-11. Hafiz Yousaf has been re-elected to the Council of the Institute of Chartered Accountants of Pakistan for another term of four years (2013-2017). Currently he is the Chairman of 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.

Hafiz Yousaf has a broad exposure of international arena and has worked on numerous professional assignments. Currently he is the Board Member of Asia Oceania Standard Setters Group - AOSSG (Formed by International Federation of Accountants – IFAC) since 2011. He has represented ICAP on a number of international forums and conferences including World Congress of Accountants 2010 and is a regular participant of the meetings/conferences organized by International Forum of Accounting Standard Setters (IFASS), International Accounting Standard Board (IASB) and Asia Oceania Standard Setters Group (AOSSG), etc.

In addition to actively participating in various professional activities, Hafiz Yousaf is a keen participant of various social, charitable and sports activities. In the past he was part of 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 fund raising activities for Shifa Eye Trust Hospital.


432-K, Model Town, Lahore
Tel: 042-5867706
Cell: 0300-8403800
Fax: 042-35763091
Email: hmyousaf.myasco@gmail.com


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

Mr. Kamal Hassan Siddiqui is a renowned Corporate Lawyer of Baluchistan with an experience of 25 years. He holds professional memberships of Tax Practitioner, Baluchistan Bar council, Baluchistan Tax Bar Council and Quetta Chamber of Commerce and Industry. He also holds the membership of variety of organizations operating in social sector namely Rotary International, Quetta Club, Taleem Foundation, Helpers Association of Pakistan and Foundation of Research on National Defense & Society.


2nd Floor, Firdusi Building
Rustam Jee Lane
Jinnah Road, Quetta
Tel: 092-81-2822481
Cell: 0334-2422622
Fax: 92-81-2843288 / 2823178

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