040324

SECURITIES & EXCHANGE COMMISSION OF PAKISTAN

(Securities Market Division)
No. SMD/SE/2(57)/2002
March 24, 2004

NOTIFICATION

Subject: CONSTITUTION OF AN EXPERT COMMITTEE FOR FORMULATING A COMPREHENSIVE PLAN FOR DEMUTUALISATION AND INTEGRATION OF STOCK EXCHANGES IN PAKISTAN

Reference earlier notification of even number dated February 18, 2004 on the subject. The name of Ms.Hina Akhlaq, Senior Vice President, Pak-Kuwait Investment Company (Pvt.) Limited as Secretary to the Expert Committee, is hereby withdrawn.

Mr. Usman Hayat, Financial Consultant, would act as secretary to the Expert Committee.

(Shahid Ghaffar)

Commissioner (SM) 24.03.2004

Distribution:

1.  Mr. Shamim Ahmad Khan, Former Chairman, SECP

2.               Mr. Justice (Retd.) Aamer Raza A. Khan, Retd. Judge, Lahore High Court

3.               Mr. Ebrahim Sidat, Country Managing Partner/CEO, Ford Rhodes Sidat Hyder & Co.

4.               Mr. Rashid Zahir, CEO, Saudi Pak Industrial and Agricultural Investment Company
(Pvt.) Limited

5.               Mr.   Alan   Cameron,   Former   Chairman,   Australian   Securities   and   Investments
Commission (ASIC)

6.               Dr. Philip N. Pillai, Non-Executive Director, Monetary Authority of Singapore

7.               Mr.   Ashley   Alder,   Member   and   Executive   Director,   Securities   and   Futures
Commission, Hong Kong

8.               Ms. Hina Akhlaq, Senior Vice President, Pak-Kuwait Investment Company (Pvt.)
Limited, Karachi.

9.               Mr. Usman Hayat, Financial Consultant, Rawalpindi.