Home News National News Politicians’ loans, refusal to provide State Bank records/SBP report sought on banks’ ‘bias’ in extending loans

Politicians’ loans, refusal to provide State Bank records/SBP report sought on banks’ ‘bias’ in extending loans

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Politicians’ loans, refusal to provide State Bank records ISLAMABAD: The Finance Ministry and the State Bank on the supply of loans to the politicians refuse to provide details, loans can not be submitted in the Senate committee.

ISLAMABAD: The Finance Ministry and the State Bank on the supply of loans to the politicians refuse to provide details, loans can not be submitted in the Senate committee.

According to details, how much will politicians provide in 5 years? In this regard, the Ministry of Finance and the State Bank has refused to provide details, that the details of the loan can not be submitted in the Senate committee.

 

Former Governance Bank Ashraf Mahmood says it was decided that these details would be presented only to Chairman Senate.

He said that Chairman can provide details of the loans in the Chamber of Commerce, Ashraf Mahmood says that the senator should look at the record coming in the chambers.

State Bank of India has 75% loan in Punjab
The State Bank declined to keep the record chairman’s chambers in the Senate committee

ISLAMABAD: A Senate committee has sought a report from the State Bank of Pakistan (SBP) on discriminatory treatment of parliamentarians, media personnel and others by banks and rejected a draft bill for regulation of credit bureaus for being against public interest in its current form.

Chairman of the Senate’s Standing Committee on Finance and Revenue Salim H. Mandviwala told journalists that the issue of discrimination against certain professions by the banks had been put on agenda of the next meeting after members of the committee raised serious questions on the last day of its two-day session on Thursday.

The matter came up for discussion when Chairman of the Privatisation Commission Mohammad Zubair told the committee that political influence in the grant of loans and their waivers was “out of the national narrative

 

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