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Report about waived-off loans presented in SC

21 February, 2013

ISLAMABAD: The Supreme Court (SC) has ordered making public of the report prepared by a three-member commission led by Justice Syed Jamshed Ali about the people who had got their loans waived since 1972.

The report was presented in the court on Wednesday. A three-member bench of the court presided over by Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry issued the directive during the hearing of the case on Wednesday. With the opening of this report several important figures will be exposed and several politicians are likely to be disqualified.

Khawaja Siddiqui told the court that Iqbal Haider, counsel for the State Bank of Pakistan (SBP), has passed away and the bank has not nominated his replacement in the case, therefore more time be allowed.

The court observed that it was to open the commission's report on Wednesday and will adjourn the hearing after opening it. The court directed amicus curiae to open all the boxes and present the inquiry report worked out by a three-member commission led by Justice Jamshed Ali before it.

The amicus curiae opened the report before the court and handed over volume No 1 and 2 of it to the judges, who studied it for some time. Later, the chief justice said that all the parties can obtain a copy of it and submit their replies.

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