ISLAMABAD: An audit report has raised serious concerns over the financial affairs of the Securities and Exchange Commission of Pakistan (SECP), including the unauthorised increase in salary packages for its chairman and commissioners, amounting to over Rs156 million annually.

The report, compiled by the Auditor General of Pakistan (AGP), said that under the law, the SECP must obtain approval from the Ministry of Finance for salary hikes. However, the SECP management proceeded with a pay raise for its employees during a Policy........

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