CJP orders illegal waivers to repay 75% written off loans

ISLAMABAD: On Thursday, the Chief Justice of Pakistan Mian Saqib Nisar again ordered defaulting companies and individuals to repay 75 percent of the principal amount of written-off loans.

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Chief Justice Mian Saqib Nisar was hearing a suo motu case pertaining to illegal waivers of bank loans worth billions of rupees by influential persons and companies.

During the hearing, the top judge ordered implementation of repayment of 75 percent of the principal amount of the illegally waived loans, and remarked that those companies/individuals who want to follow the orders should inform the court.

The defaulting parties should also inform in how many days they will return the amount, the chief justice remarked.

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