The Prime Minister has taken notice of the recent increase in salaries and allowances for the Chairman and Commissioners of the Securities and Exchange Commission of Pakistan (SECP).

A committee headed by Rana Sanaullah has been constituted to review the matter.

The committee will examine all aspects of the increase in salary and allowance and are expected to present their recommendations to the Prime Minister within two weeks.

The committee has proposed measures to increase transparency, accountability and monitoring in regulatory bodies.

Officials say the purpose of this review is to ensure that any changes in compensation are justified and that regulatory institutions work with more openness and effective surveillance.



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