JUDGMENT :

I.M. Quddusi, ACJ.

1. The Petitioner who is a tax consultant has filed this writ petition by way of a Public Interest Litigation praying for issuance of a writ of mandamus directing the opposite parties to hand over the investigation of offences committed for erosion of Forex Reserve of the Nation to an independent agency preferably the Central Bureau of Investigation for threadbare investigation and book the culprits and punish them in accordance with law. He has filed the writ petition basing on the information and documents obtained from different print media as well as the electronic media which he has appended to the writ petition.

2. Facts of the case are that for almost every developing country, reserves of foreign exchange is one of the most prestigious and valuable asset, as same reflects, not only the country's respect, status and dignity, but also one of the essential requisites for imports, cultural exchange, free movement of its citizens to other countries etc. and for this reason, specifically, a law has been enacted to regulate/deal with the foreign exchange. FOREX hedging is insuring price of Dollar or any other Foreign Currency which means the exporter or i