Mr. Abdul Waheed Jan

When contacted, Abdul Waheed Jan, chairman ISE, stated that due action against the ISE corporate member has already been undertaken.The assets and accounts of the company are being audited, he added.He said the ISE had already suspended the trading rights immediately after having received only a few complaints from the account holders.

The ISE chief said he was not aware whether the names of the four directors had been put on ECL."It is, actually, the matter to be looked after by the SECP.We can simply request the SECP to take up the issue with the interior ministry," he added.The ISE authorities, he said, are in touch with the account holders.The negotiations are on, he added.The ISE chairman asked the account holders to formally lodge an FIR against the directors so that the law enforcing agencies could take necessary action against them.

He said that ISE could take legal action against the defaulter after completion of auditing process.

ISE Chairman Abdul Waheed Jan told Business Recorder on Sunday that upward trend prevailed during the week's trading sessions with intra-day upward and downward corrections.

- Abdul Waheed Jan becomes new ISE chief [ Topix - Asia ]

"The visit of the Indian delegation will open new avenues for promotion of bilateral trade and accelerate the process of building up economic relations between the two countries," said Abdul Waheed Jan, chief of the Islamabad Stock Exchange.He had visited India last month to explore the possibilities of trading in each other's stock markets.

The SAFE assembly elected a new executive committee with Rajnikant Patel, Executive Director & CEO, Bombay Stock Exchange (BSE) as the Chairman and Abdul Waheed Jan, Chairman, Islamabad Stock Exchange as the Vice-Chairman of the Federation.

"The visit of the Indian delegation will open new avenues for promotion of bilateral trade and accelerate the process of building up economic relations between the two countries," said Abdul Waheed Jan, chief of the Islamabad Stock Exchange.He had visited India last month to explore the possibilities of trading in each other's stock markets.

"The visit of the Indian delegation will open new avenues for promotion of bilateral trade and accelerate the process of building up economic relations between the two countries," said Abdul Waheed Jan, chief of the Islamabad Stock Exchange.He had visited India in March to explore the possibilities of trading in each other's stock markets.

Mr. Rajnikant Patel, CEO of Bombay Stock Exchange Ltd. presently holding the Chair of SAFE and Mr. Abdul Waheed Jan, Chairman of Islamabad Stock Exchange holding as Vice-Chair of SAFE.

The SAFE assembly elected a new executive committee with Rajinikant Patel, chief executive, Mumbai Stock Exchange (BSE) as the chairman and Abdul Waheed Jan, chairman, Islamabad Stock Exchange as the vice-chairman of the Federation.

Meanwhile, the ISE Chairman Abdul Waheed Jan told this correspondent the board meeting would be held on March 16 to give formal approval to the merger of ISE and LSE.