AGL 38.00 No Change ▼ 0.00 (0%)
AIRLINK 136.21 Decreased By ▼ -0.24 (-0.18%)
BOP 5.38 Decreased By ▼ -0.06 (-1.1%)
CNERGY 3.72 Decreased By ▼ -0.08 (-2.11%)
DCL 7.41 Decreased By ▼ -0.09 (-1.2%)
DFML 45.40 Decreased By ▼ -0.01 (-0.02%)
DGKC 78.25 Decreased By ▼ -0.27 (-0.34%)
FCCL 28.58 Decreased By ▼ -0.31 (-1.07%)
FFBL 56.10 Decreased By ▼ -0.90 (-1.58%)
FFL 8.93 Decreased By ▼ -0.34 (-3.67%)
HUBC 101.70 Increased By ▲ 4.90 (5.06%)
HUMNL 13.15 Decreased By ▼ -0.25 (-1.87%)
KEL 3.75 Decreased By ▼ -0.02 (-0.53%)
KOSM 7.30 Increased By ▲ 0.02 (0.27%)
MLCF 37.05 Decreased By ▼ -0.75 (-1.98%)
NBP 66.60 Decreased By ▼ -0.90 (-1.33%)
OGDC 164.80 Decreased By ▼ -2.72 (-1.62%)
PAEL 24.80 Decreased By ▼ -0.30 (-1.2%)
PIBTL 6.62 Decreased By ▼ -0.08 (-1.19%)
PPL 128.00 Decreased By ▼ -3.50 (-2.66%)
PRL 23.86 Decreased By ▼ -2.54 (-9.62%)
PTC 14.80 Decreased By ▼ -0.30 (-1.99%)
SEARL 60.87 Decreased By ▼ -1.38 (-2.22%)
TELE 6.90 Decreased By ▼ -0.10 (-1.43%)
TOMCL 35.80 Decreased By ▼ -0.43 (-1.19%)
TPLP 7.65 Decreased By ▼ -0.23 (-2.92%)
TREET 14.05 Increased By ▲ 0.05 (0.36%)
TRG 44.59 Increased By ▲ 0.04 (0.09%)
UNITY 25.84 Decreased By ▼ -0.01 (-0.04%)
WTL 1.20 Decreased By ▼ -0.02 (-1.64%)
BR100 9,089 Decreased By -54.7 (-0.6%)
BR30 27,134 Decreased By -191.8 (-0.7%)
KSE100 85,250 Decreased By -335.3 (-0.39%)
KSE30 26,803 Decreased By -181 (-0.67%)

Supreme Court on Monday accepted a petition for preliminary hearing. Through this petition, the petitioner, has urged the apex court to declare the appointment of Chairman Security and Exchange Commission of Pakistan (SECP) illegal. The petition was filed by a sacked official of SECP's Law Division, Muhammad Ashraf Tiwana.
A three-judge bench headed by Justice Tassaduq Hussain Jilani also appointed senior lawyers Chaudhry Aitzaz Ahsan and Khalid Anwar as amici curiae in the case against the appointment of Chairman SECP M Ali Ghulam Muhammad. During the course of hearing, of counsel for applicant, Afnan Kundi, contended that the appointment of SECP's chairman was a violation of fundamental rights. Kundi pleaded that a broker could not be appointed as SECP chairman and alleged that nepotism in the SECP was on the rise after the incumbent chairman took over.
Meanwhile, the counsel for SECP argued that the petition was not maintainable and the Supreme Court was not the proper forum to challenge the appointment of SECP chairman. He apprised the bench that if the applicant had any grievance against M. Ali Ghulam Muhammad he should approach a High Court to get the remedy. Upon this, Justice Mian Saqib Nisar observed that it was time to decide the criteria for filing of direct petitions in the apex court and appointed Chaudhry Aitzaz Ahsan and Khalid Anwar as amici curiae and adjourned hearing of the case till November 19.

Copyright Business Recorder, 2012

Comments

Comments are closed.