The Securities and Exchange 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 shall consist of a maximum of eleven members appointed by the Federal Government, including five ex-officio members and six from the private sector.

Currently, the Policy Board presently consists of:

Ex-officio Members

Mr. Shahid Mahmood

Chairman, Securities and Exchange Policy Board

Secretary, Finance Division

Mr. Muhammad Zafar-ul-Haq Hijazi

Chairman, Securities and Exchange Commission of Pakistan

Mr. Mohammad Younus Dagha

Member, Securities and Exchange Policy Board

Secretary, Commerce Division

Mr. Karamat Hussain Niazi

Member, Securities and Exchange Policy Board

Secretary, Law, Justice and Human Rights

Mr. Jameel Ahmad

Member, Securities and Exchange Policy Board

Deputy Governor, State Bank of Pakistan

Private Sector Members

Hafiz Mohammad Yousaf

Member, Securities and Exchange Policy Board

Senator Osman Saifullah Khan

Member, Securities and Exchange Policy Board

Mr. Kamal Hassan Siddiqui

Member, Securities and Exchange Policy Board

Mr. Ebrahim Sidat

Member, Securities and Exchange Policy Board

Mr. Javed Aslam Callea

Member, Securities and Exchange Policy Board