Returned written-off to go in dams fund: CJP
ISLAMABAD: The Supreme Court of Pakistan (SCP) on Tuesday issued directives to deposit returns from the nonperforming loans (NPLs) worth Rs54 billion to the dams fund as banks had asserted that the loans borrowed from them were not liable to be paid.
Meanwhile, the top judge has also ordered to constitute a special bench to determine and sort out the pending amount to be paid by individuals and companies which had got loans worth billions of rupees written off by banks in 2002.
However, the court has also given a deadline of two months to the individuals and companies, if they want to deposit the pending amount in the Registrar Office of the SCP in order to avoid any consequences.
Subsequently, the court ordered the Ministry of Housing and Works to investigate into the alleged illegal residence of Islamabad Inspector General Police (IGP) Muhammad Aamir Zulfiqar Khan.
The CJP expressed anger and called the IGP to the rostrum, and said "you had come to launch an operation on the Lal Masjid, and here you are occupying flats illegally. It is the residence of CDA's member which you have occupied."
To which the IGP replied that he was not aware about that fact.
Regarding funds recovery from certain influential people, the CJP asked "Why haven t any funds been recovered from