LAHORE: The Lahore High Court (LHC) has heard the intra court appeal filed against enhancement in number of commissioners in Security and Exchange Commission of Pakistan (SECP). Court has reserved verdict.
Two members bench of LHC headed by of Chief Justice Syed Mansoor Ali Shah heard the case of enhancement in number of commissioners in Security and Exchange Commission of Pakistan (SECP) that was challenged in the Lahore High Court (LHC).
In his appeal, the counsel for appellant argued that the number of commissioners in SECP has been enhanced from four to seven. He said that the number was extended during the tenure of former Chairman Zafar Hijazi. Ahmed said that Hijazi took this step to protect the alleged corruption of the Sharif family. The SECP did not take approval from the federal cabinet, he said.
He appealed before the LHC that illegal raise in the number of commissioners may be declared null and void and court also suspends the order of single bench of LHC.
After the hearing the arguments from appellant Lahore High Court (LHC) has reserve the decision that intra court appeal against enhancement in number of commissioners in Security and Exchange Commission of Pakistan (SECP) is hearable or not.
