PPP wants market crash report released

Published November 13, 2006

KARACHI, Nov 12: The Pakistan People’s Party has criticised the government for postponing indefinitely a meeting of the National Assembly’s subcommittee on finance and revenue convened to receive a Security and Exchange Commission of Pakistan report of forensic investigation on the stock market crisis of March 2005.

Speaking at a press conference at Bilawal House on Sunday, PPP leader and former chairman of the Privatisation Commission Naved Qamar and the party’s information secretary Sherry Rehman urged the Supreme Court to take suo motu notice of what they described as an attempt by the government to hide the truth from the nation.

Ms Rehman said that the forensic report had been commissioned by the government, adding that a meeting of the committee had been requisitioned to receive the report from the capital market regulator on Monday (Nov 13). She said the government had not only postponed the meeting indefinitely but also placed a ban on the report’s release.

Mr Qamar recalled that former SECP chairman Tariq Hasan had pointed the accusing finger at Prime Minister Shukat Aziz, Adviser to the Prime Minister on Finance Dr Salman Shah and Minister of State for Finance Umar Ayub Khan.

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