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Ministry directed to prepare draft law on prize bonds' business

Published Updated

 ISLAMABAD: The senate standing committee on Law, Justice Human Rights and Parliamentary Affairs has directed the ministries of Law and Finance to draft legislation on illegal sales of Prize bonds' numbers business.

Senator Muhammad Kazim Khan chaired the meeting at the Parliament house on Friday.

The committee discussed the bill titled" The criminal Law (Amendment) bill, 2010" and directed the ministries to implement the current laws, envisaging 10 years imprisonment and 0. 5 million fine for those found guilty of illegal sale of prize bond business.

The committee also reviewed progress on the proposed laws against the illegal sales of Prize bonds numbers as well as decided to bring changes in the current laws for ending the unethical and unlawful practice.

The meeting was attended by Leader of the House Senator Syed Nayyer Hussain Bokhari, Senator Muhammad Azam Swati, Senator Dr. Saeeda Iqbal, Senator Prof. Muhammad Ibrahim Khan and officials of the ministries.

Copyright APP (Associated Press of Pakistan), 2011

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