Finance Ministry clarifies SECP, CCP report

The Ministry of Finance and Economic Affairs has clarified a news published in The News, ‘SECP, CCP excluded from the purview of Federal Commission for Selection of Heads of Public Sector Organizations’ that in line with the judgment of the Honourable Supreme Court of Pakistan, the Federal Government shall make appointments to statutory positions in Securities and Exchange Commission of Pakistan (SECP) and Competition Commission of Pakistan (CCP) strictly under the laid down Rules in a credible and transparent manner.

The appointments in SECP and CCP will be made under the respective laws and judgment of Supreme Court of Pakistan and Rules/Regulations framed for the purpose.

The selection will be made competitively through inviting applications from the eligible candidates and short listed candidates will be interviewed and finally selected by the committee headed by the Finance Minister and comprising representatives of Finance and Establishment Divisions, the spokesman has concluded.

Javed Mirza adds that The News is in possession of the notification that excludes SECP and CCP from the purview of Federal Commission for Selection of Heads of Public Sector Organizations.Moreover, if a transparent and fair process had to be followed, the above-mentioned notification cannot be justified.

As the spokesperson of the ministry notes that a committee headed by the finance minister and comprising representatives of Finance and Establishment Division would be selecting the heads of these two institutions only; this would tantamount to discrimination with the other institutions or the government is not happy with the process carried on by the Federal Commission for Selection of Heads of Public Sector Organizations pertaining to CCP and SECP.