SC orders report on loans written off since 1972 to be made public


The Supreme Court (SC) issued orders for making public the report prepared by a three-member commission led by Justice Syed Jamshed Ali regarding persons who had had their loans waived off since 1972.
A three-member bench of the SC presided by Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry took up the case for hearing on Wednesday.
Names of important figures are expected to be exposed once the report is made public and disqualification from general elections is likely for several politicians who might be concerned parties under the report.
Khawaja Siddiqui appeared in court and said counsel for State Bank of Pakistan (SBP) Iqbal Haider had passed away and no new counsel had been nominated by the bank in the case, and therefore requested for more time.
The court said “we were to open this report today and we will adjourn the hearing after opening the report.”
The court directed amicus curiae to open all 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 volume No. 1 and 2 of the report to the judges of the bench. The honourable judges studied the report for some time following which the CJP recording his orders said the report has been made public and all relevant parties can obtain a copy and give their replies in this respect.
The court also issued notices to the parties concerned and adjourned the hearing of the case for three weeks.