Loan
Waiver Beneficiaries
By Rauf Klasra
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 Elahi,
Chaudhry Pervez Elahi, Chaudhry Gulzar Mohammad,
Chaudhry Wajahat Hussain, Chaudhry Sabhat Elahi,
Mrs Qisara Elahi (wife of Chaudhry Pervez Elahi),
Mrs Kasur Hussain (wife of Chaudhry Shujaat Hussain),
Mrs Khalida Begum (wife of Gulzar Muhammad).
The second loan of Rs15 million was written off
by the UBL outstanding against Punjab Sugar Mills.
The beneficiaries were once again Ch Manzoor Elahi,
Ch Shujaat Hussain, Pervez Elahi, Wajahat Hussain,
Shafaat Hussain, Gulzar Ahmed and Mrs Qaisra Elahi,
Khalida Begum, and Kauser Hussain. The UBL once
again wrote off another loan of Rs34.1 million
outstanding against the Spaco Private Limited.
The beneficiaries were the same — Ch Pervez Elahi,
Shujaat Hussain, Manzoor Elahi, Wajahat Hussain,
Sabahat Elahi, Mrs Kauser Hussain, Qaisra Elahi.
It may be added that these loans were written
off after declaring their industrial establishments
as “sick industry or on the pretext of bankruptcy.”
Many of them denied having got their loans written-off.
The political sources claimed that Shahbaz Sharif
and Nawaz Sharif knew this troubling fact about
the Chaudhrys of Gujrat. Even Imran Khan had been
showing the official documents of another bank,
which had also written off loans to get the Chaudhrys
disqualified from contesting the elections. But
his desperate pleas were never entertained by
the Election Commission of Pakistan courtesy the
might and clout these cousins enjoyed during the
early years of General Pervez Musharraf in power.
The sources said, on the basis of their own knowledge
about the Chaudhrys loan write off, the Sharif
brothers were agitating the issue of loan write-off
in the media with the public demand to put all
the loan beneficiaries on trial after recovering
the written-off amounts.
The mighty Chaudhrys of Gujrat — Ch Shujaat Hussain,
Ch Pervez Elahi and their family members — reportedly
got three different bank loans of Rs120 million
written off from the National Bank and United
Bank of Pakistan during their heady days of power.
This has been revealed in the official record
of the National Assembly library, which has now
formally confirmed that several top politicians
and their family members had quietly got several
bank loans written off, which had been outstanding
against their sugar and textile mills and other
industrial units.
These bank loans were mainly written off by the
state-run National Bank of Pakistan and United
Bank Limited in the past. The official record
available with The News, which was placed in the
NA in the last one decade, revealed that a total
of Rs30 billion loans were written off between
1985-2002, which had been outstanding against
the top politicians and powerful industrial groups
of the country. The list was compiled by the then
caretaker government of 1993 led by Moin Qureshi.
In 2007, Auditor General of Pakistan revealed
in its report that during the period 2002-2007,
a sum of Rs54 billion was written off by Musharraf
government. Thus, total figure had reached to
Rs85 billions. But, now the recent official report
to the NA during the question hour revealed that
the total figure of written-off loans had finally
crossed over Rs100 billion, after adding the loan
amounts written off during two years of PPP government
since 2008.
The official list of loan write-off beneficiaries
of different periods since 1985 to 2002 revealed
that former speaker Gohar Ayub Khan’s family and
former Chief Minister Balochistan Jaam Yousuf,
are also among other prominent politicians, who
got the loans written off from the banks.
The three mighty business families of Pakistan
are also among the beneficiaries of these loan
write offs in the past. The former housing minister
of General Pervez Musharraf -Abbas Sarfraz is
also among the beneficiaries who got a massive
loan against his sugar mill written off. Lt General
Habibullah and Brig M Jan are among the list.
The Saifullah family of Lucky Marwat got four
loans written off from different banks. The names
of Anwar Saifullha Khan, Javed Saifullah, Hamayun
Saifullah, Arbab Saddaullha Khan, Shah Jehan Khan,
Nisar Khan are part of the list submitted in the
NA in 1994 in response to a question by MNA Barjees
Tahir. First, the Saifullah brothers got loans
written off against their mill— Ms Kohat Textile
Mills from the National Bank. The matriarch of
the Saifullah family, Mrs Kalsoom Saifullah also
got a loan of Rs12 million written off from NBP
against Ms Frontier Towel Works, Kohat. Industrial
bank also wrote off loan of Rs26 million of Javed
Saifullah, Salim Saifullah, Hamayun Saifullah
and others against Kohat Textile Mills. The MCB
also wrote off loan against the Kohat Textile
Mill. Jatoi family of Sindh also got a loan of
Rs6.7 million written off from UBL. The beneficiary
was Dr Ghafar Jatoi and his brothers. Leghari
family also got Rs67 million loans written off
from UBL. The beneficiaries included Jafar Khan
Leghari, Jamil Ahmed Khan Leghari, Yousuf Khan
Leghari, Tariq Khan Leghari, Atta Mohammad Leghari,
etc.
Saigal group got the loan written off against
Omaryar Limited, Lahore. The group got another
loan of Rs4 million written off from the UBL.
A loan of Rs10.3 million was written off by Investment
Corporation of Pakistan. Iqbal Z Ahmed, Mrs Saira
Ahmed also got a loan of Rs5.5 million written
off from United Bank of Pakistan. Another small
loan of Rs1.4 million got written off from UBL
against Hassan Ali and company. A loan of Rs18
million was also written off against Hashoo Holdings.
Meanwhile, investigations conducted by this correspondent
after going through the official record of the
National Assembly Secretariat, where all these
loan documents were placed from time to time since
1994, even Daewoo Corporation of Pakistan was
one of the beneficiaries of such big loans written-off
by the government banks. National Bank of Pakistan
had written off a loan of Rs10 million against
Daewoo. The loan was outstanding against Kim Waoo
Choong, Kim Joun Sung, Lee Woo Bok, Yoon Nuke
NEON, Chui Myoung Kul.
The list showed that Karachi-based businessmen
have been treated with exceptional kindness by
the National Bank of Pakistan. According to the
list of such people whose loans and principal
amounts were written-off during the last three
years, National Bank of Pakistan wrote off billion
of rupees from taxpayers’ accounts. Most of the
written-off loans went to the textile and industrial
giants of the country owned by mighty businessmen,
politically influential, former bureaucrats and
military officers.
The big industrialists like Adamjee Industries
owned by Farooq Sheikh, Mrs Shireen Farooq, Mumtaz
Sheikh, Tahir Sheikh got Rs448 million written-off
from the NBP. Mohib Textile owned by Asif Saigol
also got Rs1.1 billion written-off in 2002.
The other big names included in the list are First
Tawakkal Modaraba owned by Abdul Qadir Tawakkal,
Mohammad Rafiq Tawakkal, Alif Husain Mooney, Abid
Hussain Rs621 million written-off, National Frutctose
Limited owned by Shairullah Durrani got Rs681
million written-off, Glamour Textile Mills owned
by Iftikhar Ahmed Malik got Rs533 million written-off
and others. Two foreign nationals also got the
loans written-off.
Pakland Cement got Rs10 million written off, Cast
N Link owned by Anwar Ahmed got Rs159 million
written-off. Taha Spinning limited got Rs64 million
written off.
Following is the list of mighty individuals and
business tycoons whose loans were written-off
in majority of cases along with principal amount
from National Bank of Pakistan (NBP).
KARACHI: Zahid Fazal (Farah Enterprises) Rs09
m; White Bird Chick Limited Rs8.2 m, Advance Computer
Technology Rs1.1 m, Hamid D Habib of Balochistan
Glass Rs6 m, Latif Paul of TS Latisons Rs0.5 m,
Anisure Rehman of Zeb Enterprises Rs1.9 m, Chaudhry
Mohammad Younis of Ice Land Cold storage Rs16
m, Mohammad Saleheen of Naveed Farbics Rs0.7 m,
Younis Rs0.5 m, Mohammad Sultan Rs0.5 m, Azhar
Jamil of Sindh Industries Enterprises Rs0.2 m,
Mushtaq Ahmed Rs0.5 m, Asghar Ali Rs05 m, Fida
Mohamamd Rs0.5 m, Mohammad Ismail Rs0.5 m, Abdul
Sattar Rs0.5 m, Lal Mohamamd Rs0.5 m, Mohammad
Akbar Baloch Rs0.5 m, Ghulam Farooq Rs0.5 m, Amir
Baksh Rs0.5 m, Mohammad Naseem Rs0.5 m, M Shoaib
Rs0.5 m, Liaqat Ali Khan Rs0.514 m, Khaliq Farooqi
Rs0.5 m, Irfan Rs0.572 m, Irfan Rs0.572 m, Sikandar
Rs0.5 m, Asrar Hussain Sarbazi Rs0.56 m, Abdul
Hameed Rs0.576 m, Mohammad Yaqoob Rs0.576 m, Shafqat
Rehman Rs0.575 m, Shahbaz Aqeel Rs0.575 m, Abida
Sultana Rs0.509 m, Mohammad Hanif Rs0.5 m, Tarranum
Baig Rs0.5 m, Hidyatullah Farid Rs1.3 m, Pak Hardware
and Paint Rs0.9 m, Mohammad Ali Rs0.5 m, Sh Mohammad
Zahid Rs0.5 m, Mohammad Ayub Rs0.5 m, Nadeem Ahmed
Rs0.5 m, Mushtaq Ahmed Rs0.517 m, Mushtaq Ishaq
Rs0.5 m, Mir Mohammad Baloch Rs0.5 m, Mohammad
Altaf Hussain Rs0.5 m, Abdul Khalil Rs0.5 m, Abdul
Rahim Khatri Rs0.517 m, Imam Buksh Rs0.535m, Abdul
Hameed Rs0.576 m, Wideyat Ali Rs0.5 m, Rizwan
Hasan Rs0.5 m, Mohammad Sarwar Rs0.5 m, Maqbool
Hussain Rs0.5 m, Ali Asghar Rs0.512 m, Shahnawz
Rs0.524 m, Jawed Floor Mills of Rana Mohammad
Siddiqui Rs20 m, Muhammad of Madina Food Industries
Rs1.45 m, Syed Qmar Hai of Indus Poultry Farm
Rs0.55 m, Mian Maqbool Ahmed of Alam Shuttle Industries
Rs2.432 m, M Yousaf Khan of Progressive Industries
Enterprises Rs0.7 m, Abdul Rashid of Aziz Company
Rs0.5 m, Nasir Hussain Shah of Shah Cotton Factory
Rs5.4 m, Hazoor Khan Chanido of Chandi Floor Mills
Dadu Rs0.7 m, Pir Sarfrarz Ahmed of Nawab Shah
Rs0.8 m, Munawar Hussain Rs0.722 m, Manzoor Hussain
of Al Imran Hotel Ranipur Rs0.6 m, Arjandas of
Arjandas Rice Rs1.05 m, Atta Mohamamd Marri of
Mari Fish Farm Rs0.7 m, Atta Mohammad Mari Rs1.4m,
S Zaheer Hussain Shah Rs0.9 m, Mst Ashraf Begum
Rs0.5 m, Mohammad Idris Rs0.6 m, Sardar Taj Mohammad
Rs0.8 m,Sh Saleem Ali of Capital Flour Mills,
Murdikey Rs3 m, Mohamamd Afazal of Arshaq and
Co, Lahore Rs0.9 m, Sanullah from Gujranwala Rs0.6
m, Hassan Ali Khan of Lahore Rs0.5 m, Sh Abdul
Rehman Rs1.33 m, Lali Akbar of Abbas Trader, Kasur
Rs0.8 m, Tariq Mir of Mir Iron Store, Lahore Rs0.5
m, Mustafa Ali Mir, Lahore Rs0.6 m, M Latif of
Arshad Latif Indus Rs6.3 m, Mohammad Riaz of Riaz
Furniture House Rs0.8 m, Mohammad Amin Khan of
Makran Int Rs1.7 m, Haji Mohammad Ishaq of Tariq
Industries Rs0.9 m, Mian Mohammad Sarwar of Al
Ahmed Knitting Rs1.3 m, Mohammad Ahmed of M A
S Stell Mills, Lahore Rs0.9 m, Mian Hamid Sarwar
of Shishmahal Hosiery Rs0.9 m, Sh Mohammad Ashraf
of Ashraf Ice Factory Rs0.9 m, Gulshan Begum W/o
Zubaidullah Khan of Lahore Rs0.5m, Iftikhar Ali
of Lahore Rs0.5 m, Khalid Bashir Khokar of Lahore
Rs0.5 m, Arshad Javed Ghurki, Lahore Rs0.5 m,
Arshad Javed Khurki, Javed Ghurki, Mhammad Khalid,
Jamshed Asghar Ghurki, Sohail Asghar Ghurki, Mrs
Rubina of Unique Trading, Lahore Rs0.891 m, Mohammad
Iqbal of United Factory Rs0.5 m, Syed Izhar Hussain
of Bhatti Brothers Sheikhupura Rs0.9 m, Abdul
Rauf Qureshi of Rauf Corporation Lahore Rs0.6
m, Dr Abdul Rauf of Leatheron Lahore Rs0.7 m,
Sabir Javed Lhr, Rs 1.2m, Azfar Manzoor Lahore
Rs1m, Mrs Qaiser Manzoor Lahore Rs 1.2m, Mohammad
Iqbal Javed of Mughal Technical Indus Lahore Rs
0.4m, Mohammad Ishaq Khan of Zahid Industries
Lahore Rs 1.5m, Khalid Hatyat of Millat Corporation
Rs 0.4m, Mohammad Azhar Leghiar, Dewan Aashiq
Hussain, Umer Hayat Bosan, Shauakt Hayat Bosan,
Niaz Ahmed, Muzaffar Hussain Bokhari, Mushtaq
Shah and Nazar Abbas of Hayat Textile Mills Lahore
Rs 110 million, Ghulam Mustafa Khan of Nashika
Impex Lahore Rs 4.3m, Mian Tajamal Hussain, Mian
Nusratuddin, Mrs Azra Tajamal, Mrs Laila Nusrat,
Mrs Saeeda begum of Chenab textile Mills Lahore
Rs 25m, Mian Abdur Rehman of Abdulur Rehman and
Com Bhwalpur Rs 1.6m, Mian Ghulam Owais Owasi
of Owais Industries Bhwalpur Rs 0.9m, Shad Ahmed
of Shahzad Cotton Rahim Yar khan Rs 0.9m, Ch.
Mohiuddin of Five Star Industries Okara Rs 0.7m,
Mohammad Ehsan of Ehsan Soap factory Lahore Rs
09m, Sh. Abdul Jabbar of Feroze Oil and General
Mills Okara Rs 0.6m, Sh. Mohammad Latif of Baba
Farid Roller flour mill, Pakpattan Rs 0.6m, Shafiqe
Ahmed of Mehran Cotton Multan Rs 1.m, Asad Zuabir
of Jhangir Industries Multan Rs 0.5m, Riaz Ahmed
of Riaz Textile Mills Multan Rs 0.6m, Ch Niaz
Muhmmad Multan Rs 0.5m, Zulifkar Ali Industries
Multan Rs 0.8m, Hamid Azmat Sheikh of Azmat Towellers
Industries Multan Rs 2.4m, Mohammad Hussain of
Rafay Textile Industries Burewala Rs 1.4m, Mohammad
Ashgar of Asif Oil Mills Kehror Pacca Rs 0.6m,
Mohammad Iqbal of Mashal Cotton Kehror Pacca Rs
0.6m, Mohammad Iqbal of Asif Irfan Cold storage
Mianchannu Rs 1.4m, Mohammad Nazir of Mudhwal
Enginnering Khushab Rs 4.7m, Farooq Saigal, Usman
Siagal, Umer Saigal, Saleem Saigal of Kohirnoo
textile Mills Liaquatbabad Rs 29m, Abdul Rehman
of Gatth Foundary Workshop Faisalabad Rs 7.3billion,
Ashraf Textile Rs0.7m, Mohammad Ashraf Rs 1.2m,
Universal enterprises Faisalabad Rs 1.m, Javed
Autos Sargodha Rs 1.0, Khursheed Ahmed Shad Faisalabad
Rs0.66, Imran Saleem Ch. Gujrat Rs 0.737m, Jhangir
Saleemullah Gujrat Rs 0.9m, Adnan Aziz Trader
Gujrat Rs1.2m, Inayat Industries Gujrat Rs 1.2m,
M. Rashid General Metal Works Gujrat Rs 0.8m,
Safdar and Com Gujrat Rs 2.2m, Younis-National
Weaving Fact, Gujrat Rs 1.2m, S. Mohammad Oil
Mills Attock Rs 1.286m, Imran Shah and Bros Rwalpindi
Rs 1.03m, Hazara Wodden Mills Rawalpindi Rs 1.133m,
Lt. Col Rabnawaz of Nawaish Gypsum Jhelum Rs 0.6m,
Food Department of NWFP Rs 3.434m, Begum Noor
Jehan Mardan Peshawar Rs 6.8m, K. Mahmoodullah
of MS LTCF, Islamabad Rs3m, Seth Dawood Group
of MS Pakistan Paper corporation Charsada Rs 19
million, Seth Sahbir Hussain of MS Castle Industries
Haripur Rs 12 million, Fateh Weeolen Industries
Rs5million, Juma Khan Quetta Rs 4.6 m, Abdul Qayum
Quetta Rs 0.5m, Ghazi Khan Quetta Rs 0.7m, Syed
Abdul Rashid Quetta Rs 0.9m, Zahoor Ahmed Quetta
Rs 0.7m, Zahoor Ahmed son of Haji Abdullah Samad
Quetta Rs 0.74m, Ahmed Khan Quetta Rs 0.814m,
Jhangir Khan Quetta Rs 06m, Mirza Mohammad Quetta
Rs 0.5m, Mir Khuda Bux Muri, Mir Nawaz Marri,
Mrs Elsa Mariie Benazir , Ms Kamal Faria Marri
and Miss Anita Marri Rs 1.7m, Malick Abdullah
Jan Quetta Rs 0.7m, Ashraf shoe company Mirpur,
Kashmir, Rs 6.4m, Abdulleh Saleh Rs 123m Saudia
Arabia, Amjad Malick Karachi Rs 2.2m, Abdul Wahab
Karachi Rs 2.4m, Ghazala Haq and Amjad Malick
Karachi Rs 6m, Mir Mehraullah Mengal Karachi Rs1.2
m.
Mohammad Sadiq of Chand Mills Karachi Rs 0.5m,
MB Dhody Karachi Rs 3m, Sardar Mohammad of General
Tractor Machinery Karachi Rs 3m, Noor Ali Group,
Karachi got about Rs 3m written-off, Mohammad
Hussain of Process Pakistan Rs 1.19m, Mohammad
Sarfraz Paracha of East Asia Trading Karachi Rs
0.7m, Ghulam Ali Talpur Karachi Rs 0.6m, Lt-Col
M . Jaffar Karachi Rs 2.7m, Noor Ali Hirani Karachi
Rs 1.2m, Sun Publication Rs 1.3m, Tariq Jaffar
Campher Pak Karachi Rs 10m, Mohammad Pervez, Col
Akhlaq Ali Khan, Talibul Rasool, Abdul Jalil,
Mohammad Yousaf Mirza of Allied Textile Mills
Larkana Rs 296m, R Hasan Ali, Hyderabad Rs 0.9m,
Mehboob Elahi of Sindh Tanneris Hyderabad Rs 4.89m,
Haji and company Lahore Rs 0.9m, Syed Amjad Ali
Gujranwala Rs 2.178m, Ch. Mohammad Anwar of Elegzender
and co Rs 1.7m, Mohammad Younis of Younis Company
Lahore Rs 8.4m, Sh Javed Iqbal and Brother LahoreRs
2.4m, Denn Autos Lahore Rs 1.8m, Begum Sherin
Wahab, Abdul Qayum, Mumtaz Ahmed Abdul Jabbar,
Mrs Sahiba Qayum of Sarhad Cresent Indsutries
Rs 9.5m, Javed Zia, Mrs Kasur Javed, Salman Zai,
Umer Javed, Miss Amber Javed nad Zafar Inami and
Ghulam Rasool of Okara Textile Mills Rs 126million.
And Fazal Elahi Malik, Teshin of Ally Hoisery
Mills Lahore got Rs 0.7 million written-off.
In year 2000, the NBP wrote off many loans. In
Peshawar Rs1 m of Mrs Aurangzeb of Ms Rahman Ice
Factory was written-off.
FAISALABAD: Maryam Fatama weaving factory, Rs
4.5m, Ashfaq Hussain of Al Najaf Traders Faisalabad
Rs 2.5m, Ch. Mohamamd Tufail of Rehan Cotton Primahal
Rs 1.4m, Ms Sajja International F/abad Rs 0.5m.
MULTAN: Mohammad Hanif Rahm Yar Khan Rs1.0m, Mhamamd
Aslam RYK Rs 0.9m, AJ Textile Industry RYK Rs6.9m,
Madni electric traders Ahmedpureast Rs 0.666m,
Ghulam Jaffar Jalwana Bhwalpur Rs 0.6m, Irfan
Salman paper mills Sadiaqabad Rs 7.3m, Mian Tariq
Gurmani and Suryia Iqbal Gurmani Thatta Gurmani
Industries Kot Addu Rs1.5m, Al. Farooq Electronics
Rs0.5m, Al Hasnaian Enterprises Rs 0.646m, Rizwan
Textile Mills Rs0.6m, Mehboob Ahmed Rs 0.7m, Mohamamd
Khalid Rs0.6m, Abul Sattar Rs 0.5m, Shahid Pervez
Rs 0.7m, Al Azhar Textile Mills ( Mirza Azhar
Beg nad Mrs Rafiqan Begum) Rs 6.4m, Barington
Pharama of Pervez Iqbal Rs 1.9m, Jhandir Textile
of Mohammad Akram Rs 0.5m, Mohammad Naeem of Four
NS Fabrics Rs 1.3m, Mudasar Haider Chemica Rs1.5m,
Sultan Wool Industries, Sahiwal Rs1.11m, Baby
soap factory Kasoor Rs 2.7m, Mian AND Company
Malsi Rs 0.7m Dhah Brothers weaving Vehari of
Munir Khan, Sadia Shabnam, Raheem Baksh Rs 3.2m
and Javed Cotton Industries Lodhran of Malik Usman,
Malick Meraj Khalid and Mohammad Ajmal Rs 1.5m,
and Mashallah Cotton factory Mailisi Rs 0.9m.
HYDERABAD: Sardian Paints Rs 2m, Al Amna Entp
Rs 1m, MS Prince Rice Rs 1.3m, Niazi Ice Rs 1.44m,
Associates Rs 0.766m, Jan Mohammad Rs 0.6m, Abdul
Jabbar Rs 0.7m, Ali Gul Brohi Rs 1.1m, Abdul Majeed
Rs 0.9m, MaliK Rice Mills Rs 2.7m, Intasia Entp
Rs 43m, Expotex Limited Rs 49m, Excelisor industries
Rs 5.1m, All Leather Limited Rs 1m, Mumtaz Mohammad
Khan Zai Rs 0.772m, Sameer Garments Rs 0.8m, Rafiq
Saigal, Afsar Khan, got two loans of Allied Paper
Industries Karachi to the tune of Rs 35m written-off.
Abdul Rashid Rs 0.5, Khan Ice Factory Rs 1m, Ashraf
Traders Rs 0.7m, Anglo Universal Karachi Rs 0.7m,
Gulf Food Industries Rs 0.8m, Makhdoom Traders
Rs 0.5m, MA Footwear Rs 1.1m, Commodity Impex
Rs 3m, Fetisal Grain Rs 1.2m, Aftab Garments Rs
0.6m, Citizen Process Rs 0.5m, Farm Products Rs
0.7m, Javed Iqbal Rs 0.6m, Masood Ahmed Qureshi
Rs 1.14m, Moash Traders Rs 4m, Sabeena Enterprises
Rs 8.9m.
LAHORE: Ms Jarral International Rs 1.8m, Ms Ghulam
Hussain Rs 0.9m, Ehssan Machinery story Rs 0.5m,
Tariq Mansoor Rs 0.8m, Zab Poly Proplyeine Products
Rs 3.4m, Syed Waseem Ahmed Rs 0.55m, and M/S Wasjid
Ali of Gulberg-II Rs 18m.
ISLAMABAD: Bashir Awan Rs 0.7m, Tariq Rehman Rs
0.7m, Amir Nawab Rs 0.9m, Azra Noreen Rs 2.2m,
Nasir Fatima Rs 2.2m, Inamullah Saeed Rs 1.2m,
M Safdar Rs 0.88m, Star Corporation Rs 2.735m,
Mughal Ice Plant of Col Rafiq Baig Rs 1.3m, Shaheen
Engineering Rs 2.2m, Fazal Electric Rs 0.7m, Malick
Mohammad Akhtar Rs 0.5m, Yaqoob Brothers Rs 0.5m,
Amjad Gilani, Tariq Gilani and Khalid Gilani of
Nisa Enterprises Rs 0.5m.
EX-MBL: They belong to Karachi. Al Rehman Services
Rs 0.6m, Baba Manna Rs 1.m, Saeedudin Zubair Rs
0.6m, Trade Link of Manzoor Qaider Rs 1.2m, Bhai
Hashim Rs 0.7m, IK Corporation Rs 0.7m, M Farooq
Rs 0.6m, and Saleem Khan Rawalpindi Rs 0.7m.
QUETTA: Sonmiani Fish Rs 2.2m, Abdul Qadier Rs
0.511m, Mohammad Alam Rs 0.5m, Hanid Moula Dad
Rs 0.5m, Mohamamd Ramzan Rs 0.5m, Mohammand Hassan
Rs 0.5m, Gul Mohammad Rs 0.5m, Mazar Khan Rs 0.5m,
Faiz Ahmed Rs0.7m, Abdul Mateen Rs 0.86m, Shin
Gul Tareen Rs 0.6m, Abdul Qadir Rs0.6m, Mohamamd
Zahir Rs0.77m.
The loan written-off during year 2001:
KARACHI: Amed Trading Rs 2.9m, Farna Ice Rs 1.2m,
Mohamamd Yasin Rs 1m, Shaffaf Ice Factory Rs 2.5m,
Anwar Iqbal Rs 1.1m, Engineering Products Rs 1.5m,
Indus Oil Expellers Rs 3m, Poshak International
Rs 0.8m, Eastern Garments Rs 21m, Asif Owais Rs
0.6m, Nazir Ahmed Rs 0.8m, Mohammad Khursheed
Khan Rs 0.5m, Mohammad Ramzan Rs 1m, General Traders
Rs 10m, Quality Builders Rs 1.5m, Karachi Water
Proofing Rs 0.9m, Mohammad Ramzan Rs 0.6m, Hukum
Khan Rs 0.8m, Syed Raziddin Rs 0.5m, MS Tehseen
Rs 0.5m, Yousaf Cheema Rs 0.7m, Jamil Rs 1.3m,
Shabbir Ahmed Junami, Tasveer Ahmed Jumani, Taheree
Ahmed Jumani, Azshraf Kahton, Salla Jumani, Shaukat
Memon and Ms Shereen Jumani of Annud Textile Mills
got a massive loan of Rs 279m written-off.
Abid Hassan Rs 0.5m, Haq Nawaz Dahri Rs 0.5m,
Shah Nawaz Khan Rs 0.5m, Fizza Nazim Rs 0.8m,
Mohammad Hayat Rs 0.5m, Nadeem Ahmed Rs 0.7m,
FB Burki Ice Factory Rs 1.4m, Karachi Transport
Corporation Rs 79m, Babar Rafiq Rs 0.6m, Nisar
Ahmed Rs 0.5m, Qaisruzzman Rs 0.6m, Sajjad Hussain
Rs 0.5m, Nasir Rafiq Rs 0.5m, Badar Ahmed Rs 0.5m,
Manzar Farreed Rs 0.6m, Khalid Mehmood Rs 0.6m,
Saeed Ahmed Rs 0.6m, Jawaid Textile Industries
Rs 0.9m, Mansoor Yousaf Rs 0.5m, Mohammed Ismail
Rs 0.5m, Aamir Hashmi Rs 0.551m, Sajid Ali Rs
0.7m, Mushtaq Hussain Rs 0.5m, Tahir Ehtasham
Rs 0.6m, Mohamamd Noman Bhatti Rs 0.5m, Saleemuddin
Rs 0.5m, Anissudin Rs 0.6m, Mobina Begum Rs 0.6m,
Miss Tabassum Shehnaz Rs 0.6m, Mohaamd Yousaf
Rs 0.6m, Mant Lal Maulal Rs 0.67m, Athar Batool
Rs 0.78m, Shahid Khan Rs 0.5m, Azam Afraid Rs
0.6m, Syed Qasim Hussain Rs 0.539m, Syed Khaliluddin
Rs 0.575m, Abdul Qayum Rs 0.681m, Mohammad Burhan
Khan Rs 0.825m, Syed Khuram Raza Naqvi Rs 0.543m,
Saad Ahmed Rs 0.6m, Hasan Shakeel Rs 0.8m, Ali
Hassan Rs 0.534m, Mohammad Irfan Rs 0.55m, Shafiq
Ahmed Rs 0.8m, Khwajamoinul HasanRs0.666m, Raza
Hassan Rs 0.5m, Syed Afaq Rs0.6m, Syed Mohammad
Nasim Ali, Rs0.6M, Mohammad Aslam Rs 0.6m, Syed
Aslam Ali Rs 0.6m, Asif Rehman Rs 0.665m, Asif
Rehman Rs 0.66m, Asim Ilyas Rs 0.5m, Adnanul HassaN
Rs 0.8m, Syed Rasheed Ahmed Rs 0.5m, Monbina Afzal
Rs 0.7m, Kamran Rauf Rs 0.7m, Najam Akthar Rs
0.8m, S Sharafifuddin Rs 0.8m and Imtiaz Hussain
Zaid Rs 0.6m.
Khalid Beg Rs 0.5m, Mohammad Aman Rs 0.6m, Tariq
Baloch Rs 0.666m, Mohamamd Mobin Sheikh Rs 0.6m,
Ms Golden Plant Ind Rs 0.7m, S Ali Ahmed Zaidi
Rs 0.7m, Siddiqi Rs 1.1m, Ms Pakistan Rs 1.4m,
Ms Metropolitan Rs 190m,
Altaf Husain Shah Rs 0.5m, Mehmoodul Hassan Rs
0.5m, Mashiuddin Rs 0.9m, Aitzazuddin Rs 1.55m,
Ihtashamuddin Rs 0.55m, FS Aizuddin Rs 0.5m, FS
Ayazuddin Rs 1.6m, Mrs Shaim Fatima Rs 0.6m, Iqbal
Shakoor Rs 0.6m, Mujeebuddin Rs 0.5m, Mrs Meharur
Nisa Rs.7m, Anwar Raza Khan Rs 0.7m, Anwar Raza
Khan Rs 0.7m, Mohmmad Jamil Rs 0.9m, Sardar Shakeel
Rs 0.6m, Rashid Ali Rs 0.6m, Mohmmad Hanif Rs
0.8m, Abdul Shakoor Rs 0.6m, Adnan Husain Rs0.7m,
Ahsan Anjum Rs 0.66m. Fareed Gul Rs 0.6m, Khuda
Bux Rs 0.5m, M Faisal Rs 0.7m, Basir Alam Rs 0.6m,
M Waseem Rs 0.65m, Mrs Rubena Rs 0.665m, Shahbaz
Aqeel Rs 0.659m, Sharjeel Qaider Rs 0.5m, Tahir
Anjum Rs 0.655m, Abdul Azim Rs 0.5m, Abdul Razak
Rs 0.5m, Akhtar Hussain Rs 0.5m, Asif Sormoo Rs
0.554m, Fayyaz Ahmed Rs 0.544m, M Saleem Rs 0.5m,
Sadia Bano Rs 0.5m, Moizuddin Rs 0.5m, Adul Haq
Rs 0.54m, Mrs Kasur Perveen Rs 0.5m, Mohammad
Rafiq Rs 0.55m, Mohammad Saleem Rs 0.5m, Rana
Mohamamd Rs 0.545m, Rukhsan Begum Rs 0.5m, Rehan
Shahid Rs 0.5m, Tahir Raza Rs 0.5m, Ashifaq Ahmed
Rs 0.5m.
Year 2002: Following tycoons got their loans written-off
in 2002.
Agri Autos Inds, Haleema Majeed Sons, Amie Investment,
Sultan Textile Mills, Century Weaving, Husasin
Towels, Durrani Associations, Nasir Khan, Muhammad
Zafeef, Mohammad Usman, Ali Bux, Malick Munsif
Khan, Mohammad Usman, Nabi Bux Baloch, Nisar Fatima,
Akhar Bhugi Assoicates, Irfan Basharat, Samco
Industries, Saeed Hasan, RN Stell products, Punjab
Ceremic, Mahbub Ashraf, Gulberg Caterers, Samanabad
enterprises, Azhar company, Sindhu Marbal company,
Shabirruddin, Mohammad Husain, Rashid Sons, Rehman
Oil Mills, Abu Bakar cold storage and oil factory.
BHAWALPUR: Shafi Oil mills, Ahmed Industries,
Goheer Oil mills,
MULTAN: Union Straw paper board, jail traders,
Omar Hardware, Khan Brothers cotton, Ali Intp,
NK Medicot private limited, Al Munir textile private
limited and Sadiqabad textile mills. Sinopak.
(The list is still incomplete because of space
constraints)
A few of those who got loans written off were
genuine cases as they suffered sick industry or
bankruptcy. Their loans were written off according
to rules and prevalent law. Some of the beneficiaries,
however, submitted bogus claims and the banks
did not follow rules and regulations in writing
off their loans.
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