Islamabad, 29th December, 2018” 64th meeting of the Standing Committee on Finance, Revenue and Economic Affairs of the National Assembly was held today i.e December 29, 2017, in Committee Room No.07, under the Chairmanship of Mr. Qaiser Ahmad Sheikh, MNA.
 
2.         The Committee approved the minutes of the last meeting held on 23-11-2017.
 
3.         The Committee deferred pertaining to “An Eradication of Riba Bill, 2015” (moved by Mr. Sher Akbar Khan, MNA) and “The Controller General of Accounts (Appointments, Functions and Powers) (Amendment) Bill, 2017” (moved by Mr. Asad Umar, MNA).
 
4.         While considering the matter pertaining to promotion policy for National Bank of Pakistan’s employees and details of recently promoted officials/officers and criteria adopted the NBP. The Committee expressed their concern on the absence of President NBP. The Committee Members told the Committee that they have received the numerous complaints from their constituencies regarding currently promotions of the NBP employees made by the National Bank of Pakistan according to new promotion policy. After thread bear discussion, the Committee unanimously recommended to Governor State Bank of Pakistan to thoroughly probe the alleged misappropriations in the promotions of the NBP and report about its findings to this Committee in writing within 15 days, positively.
 
5.         The Secretary, Economic Affairs Division (EAD) briefed the Committee about the role of EAD. He told the Committee about foreign loaning and aids etc. The Committee has shown its displeasure on the absence of the Finance Minister, Finance Secretary and Finance Advisor.
 
6.         The Acting Chairman, Securities and Exchange Commission of Pakistan (SECP) briefed the Committee on Insider Trading in stock exchange. The Committee was concern and showed its displeasure on the performance of the SECP as not a single criminal case of insider trading against any Stock Exchange dealer has been filed by SECP in the Court of Law since 2015. The Acting Chairman of the SECP told the Committee that SECP has taken cognizance on the offence of Insider Trading and accordingly has filled 04 criminal complaints before the Court of Sessions.
 
7.         The meeting was attended by Mr. Saeed Ahmed Khan Manais, Ms. Khalid Mansoor, Dr. Shezra Mansab Ali Khan Kharral, Syed Naveed Qamar, Syed Mustafa Mehmud, Mr. Asad Umar and Mr. Abdul Rashid Godil, Mr. Muhammad Ali Rashid and Mr. Sher Akbar Khan, MNAs, besides the senior officers from Ministry of Finance & Revenue, EAD, SECP, NBP and Ministry of Law & Justice.