ISLAMABAD – The Joint Investigation Team formulated to probe the money trail of Sharif Family presented its first report to the Supreme court of Pakistan on Monday.

During today’s hearing justice Ejaz Afzal instructed six-member JIT to complete the proceedings in a span of allotted sixty days.

‘We would not allow extra time for completion  of proceedings’ remarked justice Ejaz Afzal.

Justice Azmat Saeed Sheikh expressed that the JIT should apprise the three-member bench if any state institution was creating hurdles for the team.

Wajid Zia, the additional director of FIA leading the team said ‘No Comments’ when asked about whether JIT would summon prime minister Nawaz Sharif or not.

The special bench also turned down request by Pakistan Tehreek-e-Insaf to public the report of JIT and adjourned the hearing till June 7.

The supreme court in its judgment had ordered formation of a six-member JIT to probe into murky wheeling and dealing of Sharif Family.

A deadline of sixty days was set by the five-member bench to complete the proceedings but the JIT had to submit reports fortnightly.

In its judgement, the Supreme Court had also outlined the scope of the proposed JIT, which would probe how the Gulf Steel Mills in UAE came into being, what led to its sale, what happened to its liabilities, where did its sale proceeds end up, how did they reach Jeddah, Qatar and the UK, whether Hussain Nawaz and Hassan Nawaz in view of their ages at the time had the means to possess and purchase the flats, and whether the sudden appearance of the letters of Hamad Bin Jassim Bin Jaber Al-Thani of the Qatar was a myth or a reality.

The court also asked how bearer shares translated into the four upscale flats in London, who was the real and beneficial owner of Nielsen Enterprises Limited and Nescoll Limited, how did Hill Metal Establishment come into existence, where did the money for Flagship Investment Limited and other companies set up or taken over by Hassan Nawaz and where did the working capital for such companies come from and where do the huge sums running into millions gifted by Hussain Nawaz to the prime minister drop in from, Dawn News reported.