ISLAMABAD: The Islamabad High Court (IHC) on Monday admitted a petition filed by 23 Senators against the appointment of Tariq Bajwa as State Bank (SBP) governor.

IHC judge Justice Miangul Hassan Aurangzeb issued notices to Bajwa and secretary commerce and adjourned the hearing for a month.

The lawmakers from main opposition parties including PPP, Pakistan Tehreek-e-Insaf (PTI), Muttahida Qaumi Movement (MQM) and Awami National Party (ANP) filed the petition.

The senators included Taj Haider, Farhatullah Babar, Sassi Palijo, Azam Sawati, Khushbakht Shujat, Farooq H Naik, Ilyas Bilour and 16 others.

Petitioners’ counsel Sardar Latif Khan Khosa requested the court to direct the federal government to appoint a new SBP governor in accordance with the procedure laid down by the Supreme Court in several cases.

In the petition, the counsel said that the unique and specialised character and functions of the SBP required appointment of the best, competent and experienced person as its governor, which could only be possible through open advertisement.

He said this was the only way to preserve the autonomous status of the institution and to ensure its effectiveness.

“Selection of the best person for the job, with the right qualifications and experience, has been ignored in the present case,” Khosa stated in the petition.

“The PML-N government has all along indulged in ruthless violation of the legal requirements and procedures in making appointments and filling vacancies in all the key positions of departments and institutions,” Mr Khosa stated.

He alleged that such methodology was consciously adopted to use them for their personal benefits, self aggrandizement and extract illegal works.

“Head of the SECP is an example in hand who under orders of the Honourable Supreme Court is facing criminal charges,” he said.

Khosa further argued in the petition that the impugned appointment of the SBP governor is illegal, unjustified and whimsical and of no legal effect. He said a resolution was moved in Senate by the combined opposition for immediate removal of the SBP governor.

Published in Dawn, November 7th, 2017

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

IMF’s unease
Updated 24 May, 2024

IMF’s unease

It is clear that the next phase of economic stabilisation will be very tough for most of the population.
Belated recognition
24 May, 2024

Belated recognition

WITH Wednesday’s announcement by three European states that they intend to recognise Palestine as a state later...
App for GBV survivors
24 May, 2024

App for GBV survivors

GENDER-based violence is caught between two worlds: one sees it as a crime, the other as ‘convention’. The ...
Energy inflation
Updated 23 May, 2024

Energy inflation

The widening gap between the haves and have-nots is already tearing apart Pakistan’s social fabric.
Culture of violence
23 May, 2024

Culture of violence

WHILE political differences are part of the democratic process, there can be no justification for such disagreements...
Flooding threats
23 May, 2024

Flooding threats

WITH temperatures in GB and KP forecasted to be four to six degrees higher than normal this week, the threat of...