National Assembly panel to take up SECP role in manipulation of bourses today

The National Assembly Standing Committee on Finance and Revenue has asked the Securities and Exchange Commission of Pakistan (SECP) to give the details about the foreign investigators engaged in forensic investigation of the stock market crises.
A meeting of the committee would be held on Thursday (today) to take-up the SECP role in the stock market manipulation. The SECP would also inform the committee about the action taken by the regulator against those violated the rules. It would also discuss the action taken or planned against ex-Chairman, of the commission.
The committee has also asked the SECP to submit the Terms of Reference inked between forensic investigators and the commission. The commission would also inform the committee that how many times the investigators have visited Karachi in this connection besides the details such as names and nationalities of team members.
The committee would also discuss the revised Anti Money Laundering Act, 2006; Public Investment (Safeguards) Ordinance, 2006; Banking Companies Ordinance (Amendment) Bill, 2006; (Private member Bill) and the Banks (Nationalisation) (Amendment) Ordinance, 2006 (Ordinance No XII of 2006).
Other items on the agenda include briefing regarding privatisation of Allied Bank, criteria of transfers and postings of customs, sales tax and income tax officers from superintendent/ITO up to collectors and establishment of Regional Tax Offices (RTOs).