Money must be taken back from those who had loans waved off: CJP

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ISLAMABAD: Chief Justice of Pakistan (CJP), Justice Saqib Nisar has on Thursday remarked that money would be taken back from those who had their loans waved off.
Conducting hearing on suo motu notice regarding waving off loans, the CJP remarked that if the loan beneficiaries were not able to pay the amount, their assets should be sold.
During the proceedings, lawyers representing National Bank of Pakistan (NBP) and private banks appeared in the court.
The CJP asked the lawyers if they had a rough estimate as to how much loans had been written off.
A lawyer of a private bank informed the CJP that around 54 billion rupees had been waved off.
Saqib Nisar said that NBP had given most of the loans to different textile mills and added that no action had been taken despite the report.
He also sought summary of the said report.
Meanwhile, Barrister Zafarullah Khan told the court that former prime ministers Mohammad Khan Junejo, Benazir Bhutto, Yousaf Raza Gilani, Nawaz Sharif and the Chaudry brothers also had had their loans written off.
The CJP remarked that money must be taken back from those who had their loans waved off through political influence.


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