AIRLINK 191.00 Decreased By ▼ -5.65 (-2.87%)
BOP 10.15 Increased By ▲ 0.01 (0.1%)
CNERGY 6.75 Increased By ▲ 0.06 (0.9%)
FCCL 34.35 Increased By ▲ 1.33 (4.03%)
FFL 17.42 Increased By ▲ 0.77 (4.62%)
FLYNG 23.80 Increased By ▲ 1.35 (6.01%)
HUBC 126.30 Decreased By ▼ -0.99 (-0.78%)
HUMNL 13.80 Decreased By ▼ -0.10 (-0.72%)
KEL 4.75 Decreased By ▼ -0.01 (-0.21%)
KOSM 6.55 Increased By ▲ 0.18 (2.83%)
MLCF 43.35 Increased By ▲ 1.13 (2.68%)
OGDC 226.45 Increased By ▲ 13.42 (6.3%)
PACE 7.35 Increased By ▲ 0.34 (4.85%)
PAEL 41.96 Increased By ▲ 1.09 (2.67%)
PIAHCLA 17.24 Increased By ▲ 0.42 (2.5%)
PIBTL 8.45 Increased By ▲ 0.16 (1.93%)
POWER 9.05 Increased By ▲ 0.23 (2.61%)
PPL 194.30 Increased By ▲ 10.73 (5.85%)
PRL 37.50 Decreased By ▼ -0.77 (-2.01%)
PTC 24.05 Decreased By ▼ -0.02 (-0.08%)
SEARL 94.97 Decreased By ▼ -0.14 (-0.15%)
SILK 1.00 No Change ▼ 0.00 (0%)
SSGC 40.00 Decreased By ▼ -0.31 (-0.77%)
SYM 17.80 Decreased By ▼ -0.41 (-2.25%)
TELE 8.72 Decreased By ▼ -0.01 (-0.11%)
TPLP 12.46 Increased By ▲ 0.25 (2.05%)
TRG 62.74 Decreased By ▼ -1.62 (-2.52%)
WAVESAPP 10.35 Decreased By ▼ -0.09 (-0.86%)
WTL 1.73 Decreased By ▼ -0.06 (-3.35%)
YOUW 4.02 Increased By ▲ 0.02 (0.5%)
BR100 11,814 Increased By 90.4 (0.77%)
BR30 36,234 Increased By 874.6 (2.47%)
KSE100 113,247 Increased By 609 (0.54%)
KSE30 35,712 Increased By 253.6 (0.72%)

Over 2,358 people had got Rs 60 billion loans, taken from different banks and financial institutions, written off during Pervez Musharraf regime (1999 to 2008). Those who got benefited included politicians, retired generals and businessmen as National Bank of Pakistan had written off Rs 23.594 billion of 1,086 people.
Saudi Pak Investment Rs 462 million of 31 persons, Pak Libya Holding Company Rs 1.394 billion of 46 persons, First Women Bank Rs 12 million of 6 women, Zarai Taraqiati Bank Rs 7.560 billion of 883 persons and SME Bank Rs 1.228 billion of 205 people. Bank of Khyber had written off Rs 1.124 billion of 26 persons and Bank of Punjab Rs 608 million of 75 persons.
Federal Minister for Industries and Production Mian Muhammad Manzoor Wattoo had got Rs 2.9 million written off, Senator Haroon Akhtar Rs 110 million, Jam Madad Ali opposition leader in Sindh Assembly Rs 1.5 million, Haleem Adil Sheikh of PML-Q from Sindh Rs 8 million, Nawab of Kalabagh late Malik Allah Yar Rs 103 million, actress Samina Pirzada Rs 1.7 million and Mian Shuja-ur-Rehman, Punjab Minister Rs 768 million.
Major General Abdul Qayyum (Retd) had got Rs 900 million written off, Major General Farhat Ali Khan Bokhari (Retd) Rs 918 million, Yousuf Saigol and his colleagues Rs 945 million, Noor Muhammad son of Muhammad Hussain Rs 90 million, Mian Muhammad Sugar Mills Rs 584 million, Jam Sher Ali and his family Rs 484 million, Noor Match Factory Rs 20.1 million, Makran Fisheries Rs 90.6 million, Fauji Cement Rs 50.7 million and Amra Textile Raiwind Mills Rs 6 million.
Khurshid Ahmed Khosa had got Rs 0.5 million written off, Bhatti Foods Industries Rs 248 million, Riaz Ahmed Mian of Fruits Limited Rs 242 million, Malik Foods Rs 367 million, Qamar Ahmed of General Diaries Rs 246 million, Ikramullah Rs 230 million, Kashmir Oil Rs 317 million, Khawaja Kabir Ahmed Rs 217 million, Abdul Raziq of Fateh Textile Mills Rs 353 million, Muhammad Rafi of Bashir Cotton Mills Gulberg Rs 111 million, North Textile Rs 1387 million, Haji Mehboob Ali of Rubi Textile Mills Rs 128 million, S S Oils Rs 372 million and Habibullah Khan of Standardised Foods Kasur, Rs 160 million. According to National Assembly Secretariat documents, a total of Rs 104,850 million loans were written off during 1999 while Rs 309,190 million during 2000.

Copyright Business Recorder, 2009

Comments

Comments are closed.