SECP to Replace Appellate Bench With Financial Services Market Tribunal
The Securities and Exchange Commission of Pakistan (SECP) on Thursday informed National Assembly Standing Committee on Finance that the existing Appellate Bench of the Commission would be replaced with an independent “Financial Services Market Tribunal” for hearing appeals against orders passed by the SECP.
The SECP officials informed the committee during an in-camera briefing held at the SECP.
The 58th meeting of the National Assembly Standing Committee on Finance and Revenue held at the SECP Headquarters under the chairmanship of Mr. Faiz Ullah, MNA.
The Committee discussed the agenda items pertaining to the review of the Companies (Amendment) Bill 2020, with regard to the issuance of Ordinance No V of 2020, Companies (Second Amendment) Bill 2020 with regards to Ordinance No X of 2020, and the SECP (Amendment) Bill 2020.
Daily Times
May 4, 2021
Major polyester filament yarn (PFY) importers on Monday challenged the verdict of customs appellate bench of the Sindh High Court, that had allowed the Directorate General of Customs Valuation Karachi to assess the traders’ consignments as per the existing formula under Ruling 1387 of 2019.
The customs authorities had determined customs values of the PFY through Valuation Ruling 1387 of 2019 under Section 25-A of the Customs Act 1969 on September 03, 2019, saying customs values of the PFY were earlier determined vide Valuation Ruling 1362 of 2019 on April 25, 2019. The authorities claimed that several meetings with different stakeholders including Pakistan Yarn Merchants and Manufacturers Association were held to deliberate over the issue of valuation of PFY.
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so jeff, along those lines, you know, either in spite of this anger or maybe because of it, the president is saying he is going to announce his supreme court pick tomorrow night. reporter: he is indeed. tomorrow evening at 8:00 p.m., during prime time, this is a key announcement for him. we always expected it this week. earlier he said it was expected on thursday. we were getting an indication that he wants to do it before thursday. there are three top leading contenders, all three on the federal judge appellate bench. the announcement will come tomorrow in prime time. i m told by white house officials it s being modelled after the john roberts announcement when came from president george bush during prime time, to get maximum exposure. this is going to set off another major fight here in washington. senate democrats are saying that, you know, it needs to be a nominee who appeals to the mainstream. and two of those judges on that