SC reserves verdict on SEC chairman’s induction

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The Supreme Court on Tuesday reserved its decision regarding the appointment of the chairman Security and Exchange Commission for two weeks. A two-member bench led by Justice Jawwad S Khawaja resumed the hearing of the case on Tuesday. Afnan Karim Kundi, representing the applicant, said in his arguments that the prime minister took the decision in spite of opposition by the Senate’s standing committee. Moreover 247 officers were bypassed as the appointment was made without advertising in the media. The defendant’s lawyer Salman Akram Raja told the court that necessary rules and regulation were followed in the appointment of his client.