ISLAMABAD: The federal government has appointed Muhammad Ali Farid Khwaja as a commissioner of the Securities and Exchange Commission of Pakistan (SECP) for a three-year term, according to a notification issued by the Ministry of Finance on Tuesday.
The appointment, made with immediate effect, comes at a time when the SECP has been operating without a permanent chairman since 12 December 2025.
The notification states that Khwaja’s appointment has been made under Sections 5 and 7 of the SECP Act, 1997. His remuneration and benefits will be determined in accordance with the provisions of the law, the Finance Division’s Investment Wing said.
In a separate development, the federal government has accepted the resignation of Dr. Kabir Ahmed Sidhu as chairman and member of the Competition Commission of Pakistan (CCP) with immediate effect. Sidhu had been appointed as chairman of the Securities and Exchange Commission of Pakistan (SECP) through a notification issued on January 9, 2026. The acceptance of his resignation clears the way for him to formally assume charge at the SECP.
With these appointments, the total number of commissioners at the SECP has risen to four, including the chairman, strengthening the regulator’s leadership at a time of heightened scrutiny and reform.
Copyright Business Recorder, 2026
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