PESHAWAR - Awami National Party has rejected the inquiry committee formed by KP chief minister to probe into the Bank of Khyber (BoK) saga and allegations against Finance Minister for malpractices, and demanded inquiry commission under the Chief Justice Peshawar High Court.

Speaking at a news conference at press club here on Thursday, ANP’s central General Secretary and former Provincial Minister, Mian Iftikhar Hussain said that inquiry against KP Finance Minister for accusations appeared in an advertisement of the BoK should be conducted through a judicial commission. He alleged that national exchequer was being looted by several persons exposed in the Panama leaks, while in Khyber Pakhtunkhwa the public money was plundered through the Bank of Khyber, he added.

“The chief minister Khyber Pakhtunkhwa is behind this entire episode, as the provincial government had parted way from its allies, and now again the same policy was adopted with its another coalition partner to fulfil their demands,” he alleged.

The ANP leader alleged that the provincial government tried to weaken the stature of Bank of Khyber through an advertisement of the Bank’s Managing Director against the KP Finance Minister.

He alleged that everyone knows well that KP CM is behind this entire drama, aimed to demoralise the bank to pave way for privatization of the BoK to his blue-eyed ones sitting in Karachi. “We will not allow any attempt of the government to privatize the profitable entity of Bank of Khyber,” Mian Iftikhar said and warned of a strong reaction.

Mian Iftikhar also informed that ANP has already filed an adjournment motion with the Khyber Pakhtunkhwa Assembly regarding the BoK advertisement accusing Jamaat-i-Islami affiliated Finance Minister Muzaffar Said over malpractices.

He said ANP supports the demand of other political parties to constitute a judicial commission headed by Chief Justice Supreme Court to probe into accusations against the people for plundering national exchequer through offshore companies revealed in the Panama leaks.

He, however, said the proposed commission shouldn’t be restricted only to Islamabad rather it should be extended to Khyber Pakhtunkhwa as well.

He demanded a judicial commission, headed by Peshawar High Court Chief Justice to probe the Bank of Khyber issue. Mian Iftikahar also claimed that the BoK branches during his party-led government in the province had increased from 34 to 82, while the bank gained a profit of over Rs 1 billion.

The bank with same strength of staff, he said, had earned profit of Rs 200 million, he added. All the political parties are united to constitute judicial commission to probe into BoK issue.

He also criticized the provincial government for spending mere 27 per cent of the total development funds, which reflect the poor performance of the government, he alleged.