Post of SECP chief: advertisement in violation of Supreme Court order: experts

Legal experts have explained that the Government's advertisement inviting applications for the post of Chairman Securities Exchange Commission of Pakistan (SECP) is in violation of Supreme Court judgement. Ministry of Finance has been reminded that Supreme Court has said that a Commissioner & Chairman are two 'distinct' appointments. And, Chairman can only be appointed from among the Commissioners. As such, MoF needs to publish another advertisement for a commissioner instead of Chairman SECP, the experts added.