Decision on foreign loan welcomed

Pakistan Industrial and Traders Associations Front (Piaf) has welcomed the announcement regarding getting permission from the parliament prior to taking any foreign loan. After enactment of proposed law, no government would be able to hide obtaining and spending of foreign loan. This was stated by the Piaf Chairman, Muhammad Ali Mian in a statement issued here on Wednesday.
He made an appeal to the members of the National Assembly and Senate to make the proposed law without any delay so as to save the country from further burden of loans. He said that the country was under debt of $38 billion but nobody is aware that when these loans were taken and where the amount of loan was spent.