The federal cabinet on Friday approved the appointment of Dr. Kabir Sidhu as Chairman of the Securities and Exchange Commission of Pakistan (SECP), sources told ProPakistani.
Sources said the cabinet, through the circulation of a summary, approved the appointment of Dr. Kabir Sidhu as a commissioner of the SECP. The Finance Division had also recommended that Dr. Kabir Sidhu be given the charge of Chairman of SECP. Following this, the country’s highest decision-making forum approved the proposal.
The term of three SECP commissioners, including the chairman, expired on December 13, 2025. After this, the Finance Division issued advertisements not only in Pakistan but also in international media to fill the vacant positions.
A committee led by the finance minister conducted interviews of more than two dozen candidates for the three available posts. The committee initially shortlisted nine candidates, including Dr. Kabir Sidhu, Abdur Rehman Warriach, Imtaiz Haidar, Sadia, and others.
Sources further said that the prime minister also conducted interviews with all shortlisted candidates. However, he approved the appointment of only one commissioner against the three vacant positions at the SECP.
Currently, Dr. Kabir Sidhu is serving as Chairman of the Competition Commission of Pakistan.
Dr. Kabir Sidhu’s Tenure
Dr. Kabir Sidhu took charge of the Competition Commission of Pakistan (CCP) in August 2023 when it was facing major enforcement delays and a large case backlog. Within two years, he reduced pending court cases by over 70 percent, deciding 434 out of 567 cases, restoring the regulator’s credibility.
Under his leadership, the CCP recovered Rs. 1.36 billion in penalties, more than the previous 16 years combined, and imposed over Rs. 2 billion in new fines.
He led major crackdowns on cartels and market abuse in sectors such as poultry, sugar, telecom, and medical services, with several decisions upheld by the Supreme Court.
He also launched the AI-powered Market Intelligence Unit (MIU) and cleared 139 mergers across 34 sectors, including the high-profile PTCL–Telenor deal.
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Very nice, Telenor acquisition by PTCL group should be last nail in coffin of competition. While cartels are at large. Recently sugar mafia has fleeced trillions out of pockets from common citizens.
Great !!!! Telenor acquisition by PTCL group should be last nail in coffin of competition. While cartels are at large. Recently sugar mafia has fleeced trillions out of pockets from common citizens.