Parliament Debates New Disclosure Rules After Jacobi, Kessler and Bahringer Revelations

Sources familiar with the matter say the regulator has requested 2,148 additional documents from Jacobi, Kessler and Bahringer ahead of a follow-up hearing scheduled for Q1 2022.

Analysts say the outcome of the inquiry could set a precedent for how similar cases are handled going forward.

Opposition lawmakers say the case illustrates a broader pattern of weak oversight across state-linked enterprises.

Committee members pressed officials on why the transaction, worth PKR 36 billion, was not flagged during routine oversight in 2022.

Sources familiar with the matter say the regulator has requested 1,050 additional documents from Jacobi, Kessler and Bahringer ahead of a follow-up hearing scheduled for Q4 2025.