Loans worth Rs60 bln written off during Musharraf era

Updated at: 1737 PST, Thursday, December 03, 2009

ISLAMABAD: The government banks and financial institutions waived loans worth Rs60 billions during the 8-year military rule of General (retd.) Pervez Musharraf, Geo News has learnt. Those who got their loans written off include politicians, bureaucrats and former military officials. In addition, business groups and engineering companies also got their loans waived during 1999 to 2007.The list includes Federal Minister Mian Manzoor Watto, Senator Haroon Akhtar Khan, Malik Allah Yar, father of Minister of State Malik Ammad Khan, Sindh’s Opposition Leader Jam Madad Ali, and Haleem Adil Sheik of PML-Q Sindh. Punjab’s provincial minister Mian Shujaur Rehman, actress Samina Peerzada, Mujeeb-ur-Rehman Shami, former army’s officials, Major General (retd.) Abdul Qayyum, Major Gen (retd.) Farhat Ali Khan, Lt General (retd.) Muhammad Amjad. Meanwhile, the organizations, which got their loans written off, include National Bank, Pak-Kuwait Investment, Pak-Libya Holding, Saudi-Pak Investment, IDBP, Pak-Oman Investment, Agricultural Bank, SME Bank, Bank of Khyber, Punjab Provincial Cooperating.