Khalid Mirza resigns as SECP Policy Board chairman.

ISLAMABAD -- Khalid Mirza on Thursday resigned as chairman Securities and Exchange Commission of Pakistan (SECP) Policy Board after reaching a settlement with the government.

Mirza was the first private sector expert to head SECP's Policy Board and was appointed in November 2018. Prior to his appointment, the position was traditionally held by secretary finance.

However, Mirza's appointment was reversed by the Cabinet on Aug 9, 2019. In the same decision, the cabinet also challenged the appointment of SECP chairman.

But the notification to remove Khalid Mirza faced a setback after he challenged the decision in Islamabad High Court (IHC).

'I have told this several times to the government functionaries in the past and the...