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State Bank of Pakistan (SBP) needs to ensure that the Common Joe does not lose his savings in KASB Bank. If the owners of the businesses are to be sold to make the loss so be it. meanwhile SBP or National Bank of Pakistan (NBP) should use their resources to pay back all the depositors of KASB Bank.
So far no investor in KASB Securities has complained about non-settlement of his trade or non-delivery of shares held in NCCL. Securities and Exchange Commission of Pakistan (SECP) has played a commendable role in this regard. SBP needs to learn a few things from SECP as well.

Copyright Business Recorder, 2014

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