Commission on Loans
The two-member Supreme Court bench hearing the case on the RS 256 billion loan write-offs of commercial banks in the past four decades, has agreed to a suggestion by counsel for the State Bank of Pakistan that a committee be established to investigate the Details of the exemptions given to various industries and powerful individuals behind them. The SBP has also asked the suggestions for publishing the establishment of the commission that the banks would be placed so that each borrower with an objection to the process could come forward and the right approach.
For the same reasons, as was also noted during the hearings of the case, we need to establish stronger measures to deal with the loan process by banks. if they are even a few days late in paying a deposit, people much richer than they get away with huge depreciation that often very little to do with the state of their finances. Some of the loans made based on the knowledge that this will happen. Today, no doubt, even if these words are read, borrow more agreements are being negotiated with the banks, eager to exercise that power sums that they do not intend to acquire back.