The Securities and Exchange Commission of Pakistan (SECP), the country's financial regulatory agency, has deleted the records of five of six companies owned by China Pakistan Economic Corridor (CPEC) Chairman Lt Gen (retd) Asim Saleem Bajwa's family members, FactFocus reported.

Investigations by FactFocus began recently into the assets accumulated by Bajwa`s family during the military career of the retired general.

The five firms whose data was removed belonged to Bajwa's son while one company, whose data remained throughout on the website belonged to his brothers.The development was reported by FactFocus on August 27.

However, the five companies' records were restored on the SECP website after a few weeks. This is a significant yet bizarre incident where a government agency is responsible for regulating all firms in Pakistan and its nature of work should not meddle with politics.

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Even SECP Chairman Amir Khan refused to comment when asked if he knew that the records were deleted and whether the person was ordered to do so.

"You better contact the chief spokesperson of the SECP and this is the protocol that we follow," Amir Khan said.

When reminded that he was also the SECP's chief spokesperson along with the chairman of the commission, Amir Khan instead said the media section of SECP should be contacted.

FactFocus had made photographic copies of the SECP website on July 21, which included the records of companies owned by Bajwa's sons in Pakistan and other countries. Original photographs of some of the records were to be used as attachments so that readers will be able to view the details and verify the dates of capturing digital evidence by checking the files' properties.

However, during the Eid-ul-Zuha festival, the SECP removed the records of the companies owned by Bajwa`s sons — Muhammad Saleem Bajwa, Eusha Saleem Bajwa and Azib Saleem Bajwa.

On August 3, the first working day after Eid, FactFocus noticed the deletion of records from the site and continued checking it from different computers and places across the world. The result was the same — all the records of these companies disappeared.

Despite repeated reminders to the SECP chairman, no response has been received so far.Silkline Enterprises (Pvt) Ltd is the sixth company of the Bajwa family, which was listed on the SECP website but its data remained on the site throughout. This was the only company that belonged to Bajwa's brothers.

Earlier this month, Bajwa announced that he will step down as the Special Assistant to the Prime Minister (SAPM) Imran Khan on information and broadcasting following corruption allegations against him.

The development came after an investigative report by Pakistani journalist Ahmed Noorani alleged properties and business worth millions of Bajwa and his close family members in Pakistan and abroad.

The report claimed that Bajwa's brothers, wife and two sons own a business empire, which has set up 99 companies in four countries including a pizza franchise with 133 restaurants worth an estimated USD 39.9 million.

The Securities and Exchange Commission of Pakistan (SECP), the country's financial regulatory agency, has deleted the records of five of six companies owned by China Pakistan Economic Corridor (CPEC) Chairman Lt Gen (retd) Asim Saleem Bajwa's family members, FactFocus reported.

The Securities and Exchange Commission of Pakistan (SECP), the country's financial regulatory agency, has deleted the records of five of six companies owned by China Pakistan Economic Corridor (CPEC) Chairman Lt Gen (retd) Asim Saleem Bajwa's family members, FactFocus reported. Investigations by FactFocus began recently into the assets accumulated by Bajwa`s family during the military career of the retired general. The five firms whose data was removed belonged to Bajwa's son while one company, whose data remained throughout on the website belonged to his brothers.The development was reported by FactFocus on August 27. However, the five companies' records were restored on the SECP website after a few weeks. This is a significant yet bizarre incident where a government agency is responsible for regulating all firms in Pakistan and its nature of work should not meddle with politics. × Even SECP Chairman Amir Khan refused to comment when asked if he knew that the records were deleted and whether the person was ordered to do so. "You better contact the chief spokesperson of the SECP and this is the protocol that we follow," Amir Khan said. When reminded that he was also the SECP's chief spokesperson along with the chairman of the commission, Amir Khan instead said the media section of SECP should be contacted. FactFocus had made photographic copies of the SECP website on July 21, which included the records of companies owned by Bajwa's sons in Pakistan and other countries. Original photographs of some of the records were to be used as attachments so that readers will be able to view the details and verify the dates of capturing digital evidence by checking the files' properties. However, during the Eid-ul-Zuha festival, the SECP removed the records of the companies owned by Bajwa`s sons — Muhammad Saleem Bajwa, Eusha Saleem Bajwa and Azib Saleem Bajwa. On August 3, the first working day after Eid, FactFocus noticed the deletion of records from the site and continued checking it from different computers and places across the world. The result was the same — all the records of these companies disappeared. Despite repeated reminders to the SECP chairman, no response has been received so far.Silkline Enterprises (Pvt) Ltd is the sixth company of the Bajwa family, which was listed on the SECP website but its data remained on the site throughout. This was the only company that belonged to Bajwa's brothers. Earlier this month, Bajwa announced that he will step down as the Special Assistant to the Prime Minister (SAPM) Imran Khan on information and broadcasting following corruption allegations against him. The development came after an investigative report by Pakistani journalist Ahmed Noorani alleged properties and business worth millions of Bajwa and his close family members in Pakistan and abroad. The report claimed that Bajwa's brothers, wife and two sons own a business empire, which has set up 99 companies in four countries including a pizza franchise with 133 restaurants worth an estimated USD 39.9 million.

Pak financial regulatory agency removes records of Asim Bajwa's sons' companies from website

Sajid Gondal, the Joint Director of Securities and Exchange Commission of Pakistan, who had been missing since the first week of September resurfaced on the evening of September 8.

WION Dispatch: Sajid Gondal resurfaces after a week

Sajid Gondal, the Joint Director of&nbsp;Securities and Exchange Commission of Pakistan, who had been missing since the first week of September resurfaced on the evening of September 8.

“I am back and safe, and I am thankful to all friends who were worried for me”, Gondal tweeted.

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I am back and safe, and I am thankful to all friends who were worried for me.
— Sajid Gondal (@sgondal) <a href="https://twitter.com/sgondal/status/1303382160745922560?ref_src=twsrc%5Etfw">September 8, 2020</a></blockquote>
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No further details about the circumstances of his return have been divulged yet.

Gondal's disappearance was being linked to the probe into Pakistan Prime Minister Imran Khan's aide and CPEC chairperson Asim Bajwa.

Also read:&nbsp;<a href="http://13.235.153.162/south-asia/secps-joint-director-sajid-gondal-goes-missing-325244" hreflang="en">SECP's Joint Director Sajid Gondal goes missing</a>

Police said Gondal's vehicle was found abandoned. His car was found in front of the National Agricultural Research Centre (NARC) on Park Road, located in Chak Shahzad, and his family says they have not been able to contact him since.

“Bring Back Sajid Gondal” was the top trend on Twitter in Pakistan after reports of him going missing started circulating on social media.

Meanwhile, Imran Khan's top aide Lt Gen (retd) Asim Saleem Bajwa resigned soon after after allegations that he used his offices to help family set up several off-shore businesses surfaced.

Former Pakistan Army spokesman Bajwa, who also served as Commander of the Southern Command, rejected the allegations against him and resigned as special assistant to the prime minister (SAPM) on information and broadcasting.

<a href="https://www.wionews.com/south-asia/pak-pms-top-aide-bajwa-resigns-amid-corruption-charges-remains-cpec-chairman-325095">Also read |&nbsp;Pak PM's top aide Bajwa resigns amid corruption charges; remains CPEC chairman</a>

However, he would continue working as chairman of the China-Pakistan Economic Corridor (CPEC) Authority.

Prime Minister Khan's close aide senator Faisal Javed Khan tweeted that the Prime Minister asked Bajwa to continue as he was satisfied with the rebuttal issued by the former Army officer.

"Prime Minister Imran Khan has decided not to accept resignation of @AsimSBajwa from SAPM (Info &amp; Broadcasting) post and has given instructions to continue working," according to the tweet.

Bajwa resigned after a report on a website alleged that he had used his offices in setting up off-shore businesses of his wife, sons and brothers.

The report alleged that Bajwa's younger brothers opened their first Papa John's pizza restaurant in 2002, the year he started working as a Lieutenant Colonel on the General Pervez Musharraf's staff.

It claimed that his brother Nadeem Bajwa, 53, who started as a delivery driver for the pizza restaurant franchise, another three brothers, his wife Farrukh Zeba and three sons now own a business empire which set up 99 companies in four countries, including a pizza franchise with 133 restaurants worth an estimated USD 39.9 million.

The Bajwa family's companies spent an estimated USD 52.2 million to develop their businesses and USD 14.5 million to purchase properties in the United States, according to the report.

Bajwa has rejected the allegations, saying they are "incorrect and false" and he was ready to prove it to any judicial forum.

Meanwhile, journalist Ahmed Noorani, who published the report a few days ago on a website, claimed that he has received threats to his life after publishing the news.&nbsp;

Sajid Gondal, the Joint Director of Securities and Exchange Commission of Pakistan, who had been missing since the first week of September resurfaced on the evening of September 8. “I am back and safe, and I am thankful to all friends who were worried for me”, Gondal tweeted. I am back and safe, and I am thankful to all friends who were worried for me. — Sajid Gondal (@sgondal) September 8, 2020 × No further details about the circumstances of his return have been divulged yet. Gondal's disappearance was being linked to the probe into Pakistan Prime Minister Imran Khan's aide and CPEC chairperson Asim Bajwa. Also read: SECP's Joint Director Sajid Gondal goes missing Police said Gondal's vehicle was found abandoned. His car was found in front of the National Agricultural Research Centre (NARC) on Park Road, located in Chak Shahzad, and his family says they have not been able to contact him since. “Bring Back Sajid Gondal” was the top trend on Twitter in Pakistan after reports of him going missing started circulating on social media. Meanwhile, Imran Khan's top aide Lt Gen (retd) Asim Saleem Bajwa resigned soon after after allegations that he used his offices to help family set up several off-shore businesses surfaced. Former Pakistan Army spokesman Bajwa, who also served as Commander of the Southern Command, rejected the allegations against him and resigned as special assistant to the prime minister (SAPM) on information and broadcasting. Also read | Pak PM's top aide Bajwa resigns amid corruption charges; remains CPEC chairman However, he would continue working as chairman of the China-Pakistan Economic Corridor (CPEC) Authority. Prime Minister Khan's close aide senator Faisal Javed Khan tweeted that the Prime Minister asked Bajwa to continue as he was satisfied with the rebuttal issued by the former Army officer. "Prime Minister Imran Khan has decided not to accept resignation of @AsimSBajwa from SAPM (Info & Broadcasting) post and has given instructions to continue working," according to the tweet. Bajwa resigned after a report on a website alleged that he had used his offices in setting up off-shore businesses of his wife, sons and brothers. The report alleged that Bajwa's younger brothers opened their first Papa John's pizza restaurant in 2002, the year he started working as a Lieutenant Colonel on the General Pervez Musharraf's staff. It claimed that his brother Nadeem Bajwa, 53, who started as a delivery driver for the pizza restaurant franchise, another three brothers, his wife Farrukh Zeba and three sons now own a business empire which set up 99 companies in four countries, including a pizza franchise with 133 restaurants worth an estimated USD 39.9 million. The Bajwa family's companies spent an estimated USD 52.2 million to develop their businesses and USD 14.5 million to purchase properties in the United States, according to the report. Bajwa has rejected the allegations, saying they are "incorrect and false" and he was ready to prove it to any judicial forum. Meanwhile, journalist Ahmed Noorani, who published the report a few days ago on a website, claimed that he has received threats to his life after publishing the news.

'I am back and safe': SECP's Joint Director Sajid Gondal resurfaces

SECP Joint Director Sajid Gondal has been missing from Islamabad since last night. His car was found in front of the National Agricultural Research Centre (NARC) on Park Road, located in Chak Shahzad.

SECP official Sajid Gondal's car was found abandoned by police

According to his family, last night Gondal visited a farmhouse he owned in Chak Shahzad but his staff said he left later in the evening.

WION Dispatch: Sajid Gondal's car was found abandoned by the police

SECP official Sajid Gondal missing from Islamabad

Sajid Gondal, joint director,&nbsp;Securities and Exchange Commission of Pakistan, has been missing since Thursday evening. Gondal's disappearance is being linked to the probe into Pakistan Prime Minister Imran Khan's aide and CPEC chairperson Asim Bajwa.

Police said Gondal's vehicle was found abandoned on Thursday, and that an investigation is underway. His car was found in front of the National Agricultural Research Centre (NARC) on Park Road, located in Chak Shahzad, and his family says they have not been able to contact him since.

Bring Back Sajid Gondal was the top trend on Twitter in Pakistan after reports of him going missing started circulating on social media.

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Pakistan: Sajid Gondal, a former journalist and an official with the SECP, is missing and feared to have been disappeared. We call upon the authorities to establish his whereabouts immediately. <a href="https://twitter.com/hashtag/BringBackSajidGondal?src=hash&amp;ref_src=twsrc%5Etfw">#BringBackSajidGondal</a>
— Amnesty International South Asia (@amnestysasia) <a href="https://twitter.com/amnestysasia/status/1301802699684417536?ref_src=twsrc%5Etfw">September 4, 2020</a></blockquote>
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Meanwhile, Imran Khan's top aide Lt Gen (retd) Asim Saleem Bajwa resigned on Friday after allegations that he used his offices to help family set up several off-shore businesses.

Former Pakistan Army spokesman Bajwa, who also served as Commander of the Southern Command, rejected the allegations against him and resigned as special assistant to the prime minister (SAPM) on information and broadcasting.

<a href="https://www.wionews.com/south-asia/pak-pms-top-aide-bajwa-resigns-amid-corruption-charges-remains-cpec-chairman-325095">Also read |&nbsp;Pak PM's top aide Bajwa resigns amid corruption charges; remains CPEC chairman</a>

However, he would continue working as chairman of the China-Pakistan Economic Corridor (CPEC) Authority.

Prime Minister Khan's close aide senator Faisal Javed Khan tweeted that the Prime Minister asked Bajwa to continue as he was satisfied with the rebuttal issued by the former Army officer.

"Prime Minister Imran Khan has decided not to accept resignation of @AsimSBajwa from SAPM (Info &amp; Broadcasting) post and has given instructions to continue working," according to the tweet.

Bajwa resigned after a report on a website alleged that he had used his offices in setting up off-shore businesses of his wife, sons and brothers.

The report alleged that Bajwa's younger brothers opened their first Papa John's pizza restaurant in 2002, the year he started working as a Lieutenant Colonel on the General Pervez Musharraf's staff.

It claimed that his brother Nadeem Bajwa, 53, who started as a delivery driver for the pizza restaurant franchise, another three brothers, his wife Farrukh Zeba and three sons now own a business empire which set up 99 companies in four countries, including a pizza franchise with 133 restaurants worth an estimated USD 39.9 million.

The Bajwa family's companies spent an estimated USD 52.2 million to develop their businesses and USD 14.5 million to purchase properties in the United States, according to the report.

Bajwa has rejected the allegations, saying they are "incorrect and false" and he was ready to prove it to any judicial forum.

Meanwhile, journalist Ahmed Noorani, who published the report a few days ago on a website, claimed that he has received threats to his life after publishing the news.&nbsp;

 
&nbsp;

Sajid Gondal, joint director, Securities and Exchange Commission of Pakistan, has been missing since Thursday evening. Gondal's disappearance is being linked to the probe into Pakistan Prime Minister Imran Khan's aide and CPEC chairperson Asim Bajwa.

Sajid Gondal, joint director, Securities and Exchange Commission of Pakistan, has been missing since Thursday evening. Gondal's disappearance is being linked to the probe into Pakistan Prime Minister Imran Khan's aide and CPEC chairperson Asim Bajwa. Police said Gondal's vehicle was found abandoned on Thursday, and that an investigation is underway. His car was found in front of the National Agricultural Research Centre (NARC) on Park Road, located in Chak Shahzad, and his family says they have not been able to contact him since. Bring Back Sajid Gondal was the top trend on Twitter in Pakistan after reports of him going missing started circulating on social media. Pakistan: Sajid Gondal, a former journalist and an official with the SECP, is missing and feared to have been disappeared. We call upon the authorities to establish his whereabouts immediately. #BringBackSajidGondal — Amnesty International South Asia (@amnestysasia) September 4, 2020 × Meanwhile, Imran Khan's top aide Lt Gen (retd) Asim Saleem Bajwa resigned on Friday after allegations that he used his offices to help family set up several off-shore businesses. Former Pakistan Army spokesman Bajwa, who also served as Commander of the Southern Command, rejected the allegations against him and resigned as special assistant to the prime minister (SAPM) on information and broadcasting. Also read | Pak PM's top aide Bajwa resigns amid corruption charges; remains CPEC chairman However, he would continue working as chairman of the China-Pakistan Economic Corridor (CPEC) Authority. Prime Minister Khan's close aide senator Faisal Javed Khan tweeted that the Prime Minister asked Bajwa to continue as he was satisfied with the rebuttal issued by the former Army officer. "Prime Minister Imran Khan has decided not to accept resignation of @AsimSBajwa from SAPM (Info & Broadcasting) post and has given instructions to continue working," according to the tweet. Bajwa resigned after a report on a website alleged that he had used his offices in setting up off-shore businesses of his wife, sons and brothers. The report alleged that Bajwa's younger brothers opened their first Papa John's pizza restaurant in 2002, the year he started working as a Lieutenant Colonel on the General Pervez Musharraf's staff. It claimed that his brother Nadeem Bajwa, 53, who started as a delivery driver for the pizza restaurant franchise, another three brothers, his wife Farrukh Zeba and three sons now own a business empire which set up 99 companies in four countries, including a pizza franchise with 133 restaurants worth an estimated USD 39.9 million. The Bajwa family's companies spent an estimated USD 52.2 million to develop their businesses and USD 14.5 million to purchase properties in the United States, according to the report. Bajwa has rejected the allegations, saying they are "incorrect and false" and he was ready to prove it to any judicial forum. Meanwhile, journalist Ahmed Noorani, who published the report a few days ago on a website, claimed that he has received threats to his life after publishing the news.

SECP's Joint Director Sajid Gondal goes missing

Pakistan`s capital market regulator will introduce seven new standards covering a variety of Islamic finance transactions, as it fast-tracks the adoption of rules to help streamline industry practices.

The Securities and Exchange Commission of Pakistan (SECP) said it had opened a two-week public consultation period for the standards, which are to be issued by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).

The sharia standards cover areas including indices, liquidity tools, capital protection and agency agreements, and follow three other AAOIFI standards adopted in February.

The SECP published governance rules last month to cover sharia-compliant companies and securities, and it has also amended rules governing the issuance of Islamic bonds, or sukuk.

The sukuk funding format is attracting a wider number of issuers, such as Agha Steel Industries, which is planning to tap the market to raise 5 billion rupees ($43.3 million).

Javedan Corporation plans to sell sukuk worth 3 billion rupees for a middle-income housing project, and Pakistan Services Ltd intends to issue sukuk worth 7 billion rupees to finance construction of a hotel in the city of Mirpur.

Pakistan`s capital market regulator will introduce seven new standards covering a variety of Islamic finance transactions, as it fast-tracks the adoption of rules to help streamline industry practices

Pakistan`s capital market regulator will introduce seven new standards covering a variety of Islamic finance transactions, as it fast-tracks the adoption of rules to help streamline industry practices. The Securities and Exchange Commission of Pakistan (SECP) said it had opened a two-week public consultation period for the standards, which are to be issued by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). The sharia standards cover areas including indices, liquidity tools, capital protection and agency agreements, and follow three other AAOIFI standards adopted in February. The SECP published governance rules last month to cover sharia-compliant companies and securities, and it has also amended rules governing the issuance of Islamic bonds, or sukuk. The sukuk funding format is attracting a wider number of issuers, such as Agha Steel Industries, which is planning to tap the market to raise 5 billion rupees ($43.3 million). Javedan Corporation plans to sell sukuk worth 3 billion rupees for a middle-income housing project, and Pakistan Services Ltd intends to issue sukuk worth 7 billion rupees to finance construction of a hotel in the city of Mirpur.

Pakistan regulator to adopt 7 new Islamic finance standards

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