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Pakistan Taps Kabir Ahmed Sidhu to Lead SECP in Broader Financial and Energy Reshuffle

The move brings a market-abuse specialist from the competition regulator to the top securities role.

Overview

  • Pakistan’s Finance Division notified Dr Kabir Ahmed Sidhu’s appointment as SECP chairman with immediate effect, replacing Akif Saeed.
  • Sidhu has been serving as CCP chairman since August 2023, where he led enforcement drives and case backlog reductions, according to official reporting.
  • Pakistan Petroleum Limited named Muhammad Khalid Rehman as CEO, succeeding Sikander Ali Memon, and disclosed the change to the Pakistan Stock Exchange.
  • The government assigned interim charge of petroleum secretary to Mirza Nasiruddin Mashood Ahmad until a regular officer is posted.
  • The change in the petroleum secretary post follows the removal of Momin Agha, which coverage links to a reported dispute with the petroleum minister.