SC seeks recovery report from govt in written-off Rs54b loans

SC seeks recovery report from govt in written-off Rs54b loans | PakistanTribeISLAMABAD – The Supreme Court has sought the report from federal government in a suo moto notice case regarding the recoveries of written off Rs54 billions loans on political basis.

Three-member bench of SC headed by Chief Justice Iftikhar Muhammad Chaudhry and comprising Justice Jawwad S Khawaja and Justice Ameer Hani Muslim heard the case on Wednesday.

Chief Justice Iftikhar Muhammad Chaudhry remarked that government should take steps for recovery of the written off loans.

As court resumed the hearing Attorney General (AG) Muneer A Malik requested the court to give one month time for filling reply, adding that he received the court notices he has contacted finance ministry and state Bank.

Chief Justice Chaudhry said that earlier a commission was constituted for probe into the matter and commission has given its finding in 220 cases and these are few cases there are many others.

AG while surprising said that he does not know about the report and it is amazing that the commission’s report has been thrown into the cold storage.

Justice jawwad said that billions of rupees of national exchequer are sinking while the government has no concern on that.

The court inquired from joint secretary of Finance ministry that when he had read the commission report, he replied that “recently I have been appointed in the ministry but record shows that ministry received report in February 2013.

Upon that Chief Justice remarked that officials should understand the pain of the nation and the culture of written off the loans should come to end. The political element is present for getting written of loans by the influentials and legislation should be done on the issue, he added.
Later the court on request of AG awarded two weeks time.

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Rana Hadi

Rana Hadi is working with PakistanTribe.com as a web-producer. He has good command on social and current affairs.

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