Petition admitted against SBP governor’s appointment

Published
4

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 X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Parliament’s place
Updated 11 Oct, 2026

Parliament’s place

In 2015, the parliament had decided to “maintain neutrality in the Yemen conflict so as to be able to play a proactive diplomatic role to end the crisis”.
Disturbing the peace
11 Oct, 2026

Disturbing the peace

THIS year’s Nobel Peace Prize is well-earned. The winner, South African jurist Dr Navi Pillay, has had an...
A voice in care
10 Oct, 2026

A voice in care

WORLD Mental Health Day this year carries a compelling message. The theme, ‘Lived experiences heard: real voices,...
Midterm break
Updated 10 Oct, 2026

Midterm break

Both the US and Israel need to halt their destructive misadventures in the Middle East.
American barbarism
Updated 10 Oct, 2026

American barbarism

WITH the spectre of defeat in the upcoming midterm elections looming large over the Trump administration, the...