ISLAMABAD – The government on Monday appointed Zafar Abdullah as acting chairman of Securities and Exchange Commission of Pakistan (SECP) for three months.

A notification has been issued in this regard and the appointment was approved by Prime Minister Nawaz Sharif.

The premier also approved Zafar Hijazi’s suspension as chairman of SECP.

An FIA inquiry team had found Hijazi guilty of tampering with the records of companies owned by the Sharif family and recommended registering a First Information Report (FIR) against him.

On Friday, Hijazi was arrested by the Federal Investigation Agency (FIA) after Special Judge Central Tahir Mehmood’s cancelled his bail.