Islamabad: List of 50 defaulter companies submitted in court
ISLAMABAD: According to The Nation on Wednesday, State Bank of Pakistan (SBP) has submitted list of 50 companies that are defaulter of billions of rupees, report said on Wednesday.
An apex court bench headed by Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhry heard suo moto notice of the case.
During the processing the SBP counsel Iqbal Hyder told the court that more than fifty people and companies had got Rs 59.35 billion loans waived. The CJP in his remarks said “If SBP wants all loans could be returned”. He said peoples’ money would not be allowed to go to waste.