The apex court is expected to make a final decision in this regard on April 17, when the government will submit a revised list of "covert expenses" after excluding only a few details for security reasons, The News reported.
A two-judge bench is currently examining the issue of payments purportedly made from secret funds by the Information Ministry.
The judges have decided to interpret Article 19 of the Constitution that guarantees freedom of speech and access to information to arrive at a decision.
The apex court took up the issue after a petition was filed by two TV anchors. The petition sought an end to payments from taxpayers' money to journalists and media organisations.
During a hearing yesterday, Raja Amir Abbas, the government's counsel, initially claimed the whole list of payments should be kept secret.
However, the judges asked him to select only a few items that need to be kept secret for security reasons.
Abbas subsequently said only 18 of the 200 payments need to be kept secret and the rest of the information could be made public.
The information relates to the years 2011 and 2012 when the Pakistan Peoples Party-led government was in power.
"It is apparent from the record that (the government is) in the habit of buying off journalists and columnists," said Justice Jawwad Khwaja, a member of the bench.
He observed that by making such secret payments to journalists, the government is giving "an impression that the whole media is a commodity for sale".