SBP directs banks, DFIs to submit record of written-off loans

The commission, in Suo Moto case No.26 of 2007, will examine and consider as to whether they were allowed without validity and justification, or because of political reasons or considerations other than law or bona fide business considerations.

The SBP has also directed the banks and DFIs to ensure compliance of the above instructions and provide any and all assistance and co-operation in the work of the commission as well as comply with any general or special instructions of the commission.

These instructions and directives have been issued by the SBP on the advice of the Supreme Court of Pakistan to the presidents and chief executives of all the banks and DFIs.

Copyright PPI (Pakistan Press International), 2011

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