Competition Commission of Pakistan and Securities and Exchange Commission of Pakistan ink deal on sharing of information

Islamabad, May 20, 2015 (PPI-OT): The Competition Commission of Pakistan (CCP) and the Securities and Exchange Commission of Pakistan (SECP) signed a Memorandum of Understanding (MoU) for sharing of information, at CCP in Islamabad on Wednesday. The MoU was signed by Vadiyya Khalil, Chairperson CCP and Zafar Hijazi, Chairman SECP.

The signing ceremony was attended by SECP Commissioner Tahir Mahmood, Executive Director SECP Musarat Jabeen, and Members of CCP Dr. Joseph Wilson, Dr. Shahzad Ansar, Mueen Batlay, and Ikram Ul Haque Qureshi.

The purpose of the MoU is to establish a framework for sharing information which would help SECP and CCP in discharge of their respective statutory functions. A formal information sharing arrangement will allow both the agencies to request and receive information in a timely manner, thereby making the process efficient. All information exchanged under the MoU will be kept confidential unless disclosure is required by law. The MOU cements the enhanced working relationship developed between the two agencies.

Speaking on the occasion, Chairman SECP Zafar Hijazi said that the signing of MoU is an important development that will enhance cooperation and coordination between SECP and CCP. He said that SECP is looking forward to working with CCP in various areas of mutual interest. Chairperson CCP Vadiyya Khalil in her remarks said that the MoU would not only enhance both Commissions’ enforcement capabilities, but will also aid in their research and advocacy initiatives.

For more information, contact:
Asfandyar Khattak
Director (Media and Communications)
Competition Commission of Pakistan (CCP)
7th Floor South, ISE Towers,
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92-51-9100260-3, +92-51-9100256
Fax: +92-51-9100251