09-21-2005, 09:59 PM
Dr Tariq Hasan, chairman of the Securities and Exchange Commission of
Pakistan (SECP) has said that there will be no further extension in
the date of demutualisation of stock exchanges and the SECP is
forming a company law commission in order to revise and upgrade
current laws.
Dr Hasan, while taking to reporters at a seminar held at in Karachi,
said the commission has felt the need to revise that existing laws
and reform it where it is required. And for that the SECP will
establish a separate company law commission by February.
He said regulations for the electronic trading are under preparation
and would be introduced in one month. On the other hand for awareness
regarding E-governance and to improve corporate governance in general
the commission has formed Pakistan Institute of Corporate Governance
(PICG), which is likely to strengthen the corporate governance in
country, he added. Dr Hasan said that in a recent visit of a
delegation of International Monitory Fund (IMF) has also appreciated
the recent development in regulatory framework.
Edited by - Mahtab on Sep 21 2005 50208 PM
Pakistan (SECP) has said that there will be no further extension in
the date of demutualisation of stock exchanges and the SECP is
forming a company law commission in order to revise and upgrade
current laws.
Dr Hasan, while taking to reporters at a seminar held at in Karachi,
said the commission has felt the need to revise that existing laws
and reform it where it is required. And for that the SECP will
establish a separate company law commission by February.
He said regulations for the electronic trading are under preparation
and would be introduced in one month. On the other hand for awareness
regarding E-governance and to improve corporate governance in general
the commission has formed Pakistan Institute of Corporate Governance
(PICG), which is likely to strengthen the corporate governance in
country, he added. Dr Hasan said that in a recent visit of a
delegation of International Monitory Fund (IMF) has also appreciated
the recent development in regulatory framework.
Edited by - Mahtab on Sep 21 2005 50208 PM
