PESHAWAR - To avoid tension with its ruling partner Jamaat Islami (JI) over tussle between its finance minister and Managing Director (MD) of the Bank of Khyber (BoK), the PTI-led-government Monday formally constituted a five-member committee to probe the matter.

In this regard, KP Chief Minister Pervez Khattak constituted the committee to probe into the allegations appeared in media pertaining to BoK’s affairs.

The committee will submit its report within three days. The five members committee under the chairmanship of senior Provincial Minister Sikandar Hayat Khan Sherpao has been constituted to probe into allegations against Minister for Finance appeared in local and national media. KP Finance Minister Muzaffar Said is affiliated with the JI, the ruling partner of the PTI since getting majority in May 2013 general elections. The other members of committee include Senior Minister for Health Sharam Khan Tarakai, Minister for Public Health Engineering Shah Farman and Minister for Law Imtiaz Shahid Quershi.

Moreover, the committee will probe into allegations against Provincial Minister for Finance and submit its report within three days.

In addition, the committee will also ascertain other issues pertaining to grievances of employees and management and give its recommendations for smooth functioning of the Bank. The committee has been constituted on the demand of the JI, the sources said. The JI has formally conveyed its anger to the KP CM over the publication of an advertisement leveling various allegations against Muzaffar Said particularly of spending the BoK’s money on his party’s functions and gatherings, and pressuring the management for appointing his relatives and friends in the bank.

Sensing the situation, the CM KP has immediately ordered an inquiry into the matter. Moreover, a day earlier, Pervez Khattak formally defended finance minister Muzaffar Said as a clean man.

He explained that the coalition government partners in the province stood united and there were no differences between the PTI and JI. He further said that there was no misunderstanding between the two ruling parties and added that he had taken notice of the advertisement published by the management of BoK. The CM said that he had sought an explanation from the management of the bank because the BoK MD had overstepped his authority by placing the advertisement and leveling allegations against the finance minister.

It was believed that the JI may leave the provincial government over corruption charges against its finance minister. However, CM Pervez Khattak said that the partner parties of the PTI-led coalition government are on the same page, saying those trying to create misunderstandings to dent the coalition would fail in their designs.