ISLAMABAD, (MILLAT ONLINE/APP): The Senate Committee on Finance,
Revenue, Economic Affairs, Statistics and Privatization is scheduled
to meet here Wednesday, April 12 to consider various bills and take
up the issues of Pakistan Stock Exchange (PSX) brokers and National
Bank of Pakistan’s (NBP) financial fraud.
According to Senate notification, the committee is scheduled
to meet under the Chairmanship of Senator Saleem Mandviwala.
The committee would further consider the bill to make
provisions for the incorporation, regulation and winding up of
limited liability partnerships as body corporate and for matters
related to The Limited Liability Partnership Bill 2017 as passed by
the National Assembly and referred to the Committee on February 14.
The committee would also consider the bill further to amend
the Cost and Management Accounts Act, 1966 {The Costs and Management
Accounts (Amendment) Bill 2017}, as passed by the National Assembly
and referred to the Standing Committee on February 20.
According to the notification, Private Member Bill titled the
Partnership (Amendment) Bill 2016 would also be considered. The bill
was introduced on September 26, 2016 by Senator Muhammad Azam Khan
Swati and referred to the Committee for consideration and report.
In addition, the committee would hold discussions with the
brokers of PSX regarding pressure on them by the Securities and
Exchange Commission of Pakistan (SECP) to sell their shares.
Follow up of the National Bank of Pakistan (NBP), Habib Bank
Limited (HBL) and Federal Investigation Agency (FIA) on the
financial fraud of Rs1.5 billion committed from the accounts of
Abandoned Properties Organization (APO) would also be taken by the
committee.