Habib Metropolitan Bank’s officer convicted for insider trading - Pakistan Observer

Pakistan Records First-Ever Conviction for Insider Trading

Karachi June 18 2025: Sindh Special Court (Offences in Banks) handed out first ever conviction for insider trading in the history of Pakistan in a case filed by The Securities and Exchange Commission of Pakistan (SECP). The court convicted Mr. Zakir Hussain Somji, Assistant Vice President (AVP) – Investments at Habib Metropolitan Bank Limited (HMB), for insider trading violating provisions of Section 128 of the Securities Act, 2015. The Chairman…

Habib Metropolitan Bank’s officer convicted for insider trading - Pakistan Observer

KARACHI – Sindh Special Court (Offences in Banks) handed out first-ever conviction for insider trading in the history of Pakistan in a case filed by the Securities and Exchange Commission of Pakistan (SECP). According to the SECP, the court convicted Zakir Hussain Somji, Assistant Vice President (AVP) – Investments at Habib Metropolitan Bank Limited (HMB), for insider trading violating the Securities Act, 2015. SECP chairman Akif Saeed said that…

Pakistan Secures First Insider Trading Conviction: Habib Metro Bank AVP Found Guilty

KARACHI: In a historic judgment, the Sindh Special Court (Offences in Banks) has issued the first-ever insider trading conviction in Pakistan in a case filed by the Securities and Exchange Commission of Pakistan (SECP). The court found Zakir Hussain Somji, Assistant Vice President – Investments at Habib Metropolitan Bank Limited (HMB), guilty of insider trading in violation of Section 128 of the Securities Act, 2015. SECP Chairman Akif Saeed pra…