ISLAMABAD – The Supreme Court of Pakistan (SCP) on Tuesday issueddirectives to deposit returns from the non-performing loans (NPLs) worthRs54 billion to the dams fund as banks had asserted that the loans borrowedfrom them were not liable to be paid.
Meanwhile, the top judge has also ordered to constitute a special bench todetermine and sort out the pending amount to be paid by individuals andcompanies which had got loans worth billions of rupees written off by banksin 2002.
However, the court has also given a deadline of two months to theindividuals and companies, if they want to deposit the pending amount inthe Registrar Office of the SCP in order to avoid any consequences.
Subsequently, the court ordered the Ministry of Housing and Works toinvestigate into the alleged illegal residence of Islamabad InspectorGeneral Police (IGP) Muhammad Aamir Zulfiqar Khan.
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The CJP expressed anger and called the IGP to the rostrum, and said “youhad come to launch an operation on the Lal Masjid, and here you areoccupying flats illegally. It is the residence of CDA’s member which youhave occupied.”
To which the IGP replied that he was not aware about that fact.
