ISLAMABAD: The State Bank of Pakistan (SBP) on Friday said that it was not bound to share details of written-off loans with the parliament.
According to the official representing SBP at the Senate Committee on Rules and Privileges, the bank was not bound to share the details of written-off loans while Committee Chairman Senator Dr. Jehanzeb Jamaldini was of the opinion that if in-camera briefings can be given to parliament regarding intelligence agencies like ISI, MI, and IB then what is the need to hide the details of written-off loans.
While coming to the conclusion regarding the arguments, it was decided that legal advice would be sought from experts, including Leader of Opposition Aitzaz Ahsan, Senator Farooq H Naek, Senator Farogh Nasim, Senator Babar Awan and others to decide once and for all whether the law of not sharing information also applies to parliament.
Throughout the meeting, the ministry officials and SBP representatives stuck to their viewpoint and further requested the Senate chairman schedule a review of his ruling, as there are only following the law which barred them from giving details of the bank clients to parliament.
BNP Senator Dr. Jehanzeb Jamaldini presided over the meeting, which decided to hold another meeting on this matter after seeking the required legal advice.
