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SECP to Replace Appellate Bench With Financial Services Market Tribunal

SECP to Replace Appellate Bench With Financial Services Market Tribunal
The Securities and Exchange Commission of Pakistan (SECP) on Thursday informed National Assembly Standing Committee on Finance that the existing Appellate Bench of the Commission would be replaced with an independent “Financial Services Market Tribunal” for hearing appeals against orders passed by the SECP.
The SECP officials informed the committee during an in-camera briefing held at the SECP.
The 58th meeting of the National Assembly Standing Committee on Finance and Revenue held at the SECP Headquarters under the chairmanship of Mr. Faiz Ullah, MNA.
The Committee discussed the agenda items pertaining to the review of the Companies (Amendment) Bill 2020, with regard to the issuance of Ordinance No V of 2020, Companies (Second Amendment) Bill 2020 with regards to Ordinance No X of 2020, and the SECP (Amendment) Bill 2020. ....

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NA Committee on Power Demands Transparency Regarding Imposition of Surcharges

The National Assembly Standing Committee on Power observed that the Circular Debt Management Plan needs transparency and clarifications with regards to ....

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NA Body Asks Finance Division to Spend Relevant Funds on Federal Government Accommodations

NA Body Asks Finance Division to Spend Relevant Funds on Federal Government Accommodations
The National Assembly Standing Committee on Housing and Works recommended the utilization of a 5 percent repair and maintenance allowance on Federal Government-owned accommodations to prevent their further deterioration.
This allowance is deducted at source from the salaries of Federal Government employees for this very purpose. The decision was taken in the 12th meeting of the Standing Committee on Housing and Works, which was held under the Chairmanship of Engineer Muhammad Najeeb Haroon.
During the discussion, the Committee was informed by the Ministry of Housing and Works that a 5 percent repair and maintenance allowance, deducted at source from the salaries of Federal Government employees was being collected by the Finance Division to the Ministry of Housing and Works on account of salaries of work charge employees of the Pak PWD, thus leading to non-repair or maintenance of ....

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