SBP Submits List of Written off Loans in SC
February 2, 2010 by Trend PK
Filed under Breaking News
ISLAMABAD, Pakistan News: State Bank of Pakistan has submitted the list of write-off loans from 1971 to 2009 in the Supreme Court,containing the statistics that as many as 0.669million people have got Rs256billion waived.
Talking to media outside the apex court, SBP counsel Iqbal Haider divulged that the waived loans were not merely political, however, he added that the ratio in this regard was low before 1997 but afterwards it rose. Iqbal told the reporters that the Chief Justice ordered to form a commission in December, however, its rules and regulations have yet to be decided. He noted that the SBP stance on waived loans was clear, and added that the loans written-off under law could not be challenged.
SBP Submits List of Written off Loans in SC was first posted on February 2, 2010 at 1:24 pm.
PML-N not withdraw demands of President’s resign
Lahore, Pakistan News :- Pakistan’s two major parties have failed to come out with a clear policy as the top leadership of both PPP and PML-N remain silent on major issues while the second tier leadership is continuously accusing each other and giving hard-line statements.
Opposition Leader in National Assembly and senior leader of Pakistan Muslim League-Nawaz Chaudhry Nisar Ali Khan said on Tuesday that his party will not demand President Zardari to resign if the government acts upon Supreme Court’s verdict. He said Presidential spokesman has no right to announce policy statement of PML-N. He was talking to newsmen in Islamabad.
Commenting on Farhatullah Babar’s statement that PML-N has assured of not demanding President’s resignation, Ch. Nisar said his party can’t guarantee anyone for not demanding President Asif Ali Zardari to resign. “Farhatullah Babar’s statement is absolutely absurd.” He said PML-N doesn’t want to confront the government. “It was very easy for us to give irrational statements but we decided against it for the stability of the country.” Nisar said cases have been proved against Pakistan People’s Party leaders in the country and abroad.
PML-N not withdraw demands of President’s resign was first posted on December 22, 2009 at 7:23 pm.
SBP inform SC Rs 193 billion loans written off
ISLAMABAD, Pakistan News : The State Bank of Pakistan (SBP) has informed the Supreme Court of Pakistan that more than Rs 193 billion loans have been written off in the country from 1997 till 2009.
Iqbal Haider, the counsel of the SBP told media outside the premises of SC after submitting detail sheets about the written off loans that the SBP is preparing the list of the people whose loans have been written off from 1971 to 1997 on the order of the SC. These loans have been written off by 37 banks. There are 19711 beneficiaries whose loans have been written off and this number include the number of people whose loans were more than Rs 0.5 billion, he added.
The SC has taken suo moto notice of this issue in 2006 but the hearing of the case could not be completed in the SCP. The Supreme Court has ordered SBP to provide the list of the loans written off from 1971 till yet. But the SBP produced the list of the people from 1997 to 2009 whose loans were written off.
SBP inform SC Rs 193 billion loans written off was first posted on December 22, 2009 at 7:35 pm.
