ISLAMABAD – The federal government on Saturday appointed Shaukat Hussain as chairman Securities and Exchange Commission of Pakistan (SECP) with immediate effect.

According to Finance Division, the appointment of Shaukat Hussain came under  Section 6 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997).

Mr Hussain has worked as Executive Director and the Head of Corporate Compliance Department.

Earlier, during his career in the SECP, he had been head of Companies Registration Office (CRO) for Karachi and Lahore offices.