Loans write-off suo motu: SC issues notices to BoP, BoK for not submitting reply

26 Apr, 2016 8:23 pm

ISLAMABAD (92 News) – The Supreme Court of Pakistan has issued notices to Bank of Punjab and Bank of Khyber for not submitting reply in the politicians’ loans write-off case.

According to a report, the banks had written-off loans amounting to Rs 25 billion from 1971 to 1991.

The report says industrialists got their loans worth Rs 85 billion written off during the last 18 years.

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