ISLAMABAD - The State Bank of Pakistan on Monday prayed the Supreme Court to constitute a commission headed by a retired judge of the apex court to examine write off loans cases. Dr Pervez Hassan, counsel for the Allied Bank of Pakistan, appearing before a two-member bench hearing write off loans cases, informed that SBP Governor Dr Shahid H Kardar had met him, Khawaja Harris, some other senior lawyers and government functionaries. SBP counsel Iqbal Haider supported his version and said the governor wanted to move forward. Dr Hassan told the governor had suggested to form a commission headed by Justice (r) Saleem Akhtar, also comprising SBP ex-DG Rashid A Chughtai and Chartered Accountant Yousaf Adil. He proposed the commission be given powers and functions under the Pakistan Commission of Inquiries Act, 1956, including examining and confirming validity and justification of the amount written off by the banks since 1997 in the sum exceeding Rs 100 million, which are 1300, in the first instance and also to examine and determine a list of cases wherein the opinion of the commission and write-offs were granted for political reasons or considerations other than bona fide business considerations. The commission will submit its interim report within 90 days and final report within six months, he suggested. Dr Hassan prayed the Supreme Court may direct the government to make necessary amendments in the applicable laws and/or enact new laws similar to that of Section 8 of the Financial Institution (Recovery of Finance) Ordinance 2001 for the removal of latches, impediment and legal objections to enable the banks to recover the written off amounts. The governor should increase the number of banking courts or constitute new courts for the disposal of the cases instituted by the concerned banks for the recovery of the written off amounts. The parliament introduced a bill seeking suitable amendments in the offences in respect of Banks (Special Courts) Ordinance 1984 so as to make wilful default a penal offence.