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Loan Waiver Beneficiaries

ISLAMABAD: In a country where over 40 per cent of the population is said to be languishing under the poverty line with families surviving on less than $2 a day, the shameful revelation of the filthy rich getting loans worth over Rs100 billion written-off owing to their formidable clout is shocking the nation. And this shameful list carries some of the biggest names of our power elite. The names of Ch Shujaat and Ch Pervez Elahi were found among about 1,000 influential businessmen and Army men who got a total of Rs18 billion loans written-off from the government-owned banks during the first three years of the military government. The list was submitted in the NA when Zafarullah Jamali was the prime minister and Shaukat Aziz was the finance minister. The first loan of Rs70 million was outstanding against the Punjab Sugar Mills and was written off by the National Bank of Pakistan along with the actual loan amount. The mill was owned by Chaudhry Shujaat Husssain, Chaudhry Mansoor Elah...

ISLAMABAD: Pakistan Telecommunication (PTCL) wireless rent is being recovered in spite of its termination earlier announced.

ISLAMABAD: The Oil & Gas Regulatory Authority (OGRA) has decided to maintain the prices of petroleum products for the next 15 days.According to the statement issued by OGRA, there would be no change in the prices of the petroleum products for further 15 days.As per OGRA, motor spirit super petrol would be sold at Rs.53.70 per litre and HOBC at Rs.64.88 per litre. Kerosene oil will be sold at Rs.35.23 per litre whereas the price of light diesel will be continued at Rs.32.57 per litre.According to the OGRA spokesman, the government is providing subsidy of Rs.5.66 per litre on kerosene oil and Rs.6.69 per litre on light diesel.

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