Panel formed

KARACHI: Zafar ul Haq Hijazi, chairman of the Securities and Exchange Commission of Pakistan (SECP) has formed a committee to develop a pilot project for setting up ‘Capital Market Hubs’ in small cities to attract savings for investment in capital market, a statement said on Tuesday.
The committee would be headed by Muhammad Hanif Jakhura, CEO of the Central Depositary Company (CDC), which would comprise representatives of the stock exchanges and asset management companies, it said.
The SECP chairman took this decision during his visit to CDC head office. Hijazi was accompanied by Zafar Abdullah, commissioner of the Securities Market Division of the SECP and Imran Panjwani, executive director of the Securities Market Division.