SECP, SBP chiefs meet

ISLAMABAD, September 21: As part of its quarterly sessions, the coordination committee of the Securities and Exchange Commission of Pakistan and the State Bank of Pakistan met in Islamabad on Wednesday. The SECP Chairman, Mr. Zafar Hijazi and the SBP Governor, Ashraf Mahmood Wathra along with their teams attended the meeting.
The committee was briefed on the main features of the eight point agenda items and decisions were taken. During the meeting, the SBP appreciated the SECP’s efforts in relation to the progress on the Companies Bill, 2016, which also includes enhancing disclosure for the real estate companies. However, in order to improve the regulatory regime a joint SECP-SBP committee was constituted to make recommendations for effective regulation of the real estate sector to the federal and provincial governments.