ISLAMABAD: A special court of the Federal Investigation Agency (FIA) on Friday dismissed an application of former Securities and Exchange Commission of Pakistan (SECP) chairman Zafar Hijazi seeking his acquittal in a case related to tampering with the record of the Sharif family’s Chaudhry Sugar Mills. Judge Iram Niazi noted that there was sufficient evidence to proceed against Hijazi in the case. She directed the prosecution side to present its witnesses on next hearing to record their testimonies. The hearing was…
Securities and Exchange Commission of Pakistan
ISLAMABAD: The insurance sector of country is set for a boost in competition which could help spread the uptake of insurance after the industry regulator allowed conventional firms to offer sharia-compliant products (takaful) earlier this year.