Govt empowers banks to recover loans, NA told

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The NA Speaker referred the matter of loan defaulters to the concerned committee.
ISLAMABAD (City News) Minister of State for Finance Rana Muhammad Afzal has said that the present government empowered banks to recover loans from the defaulters under a new law.

Responding to a calling attention notice moved by Rana Muhammad Hayat Khan in the National Assembly on Friday, he clarified that the government does not waive off the loans but discretion to this effect rests with the banks. He said that a list of loan defaulters has already been presented before the Upper House.

The Speaker referred the matter of loan defaulters to the committee concerned with the instructions to submit its report within fifteen days.

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