The Securities and Exchange Commission of Pakistan Act, 1997, lately enacted by our legislature, has established an organisation which is a triumverate of a Commission, a Policy Board and the Federal Government with the avowed objectives of ensuring harmonius growth of industries and trades in the corporate sector and assuring the emergence of a well-organised and well developed capital market throughout the country. The Act aims at the creation of confidence of the investors and ensures an optimum development of the capital market in the interest of commercial certainty, with the ultimate goal of securing for the country a place in the business map of the world.
The legislation confers upon the Commission all the powers that it will find necessary to exercise to achieve the high objectives. Let us hope that the Commission will work hard and work honestly to achieve our destined but not too distant goal. Let us look forward to the future with high hopes and faith in our destiny.
Good speed, good luck.
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