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New members of Commission for Written-off Loans
KARACHI: Chairman of Commission on Written-off Loans, Justice Syed Jamshed Ali (Retd.) has appointed Muhammad Akram M
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According to SBP here Friday, the Commission has started functioning with effect from December 19, 2011 with its principal seat/office at 9, Main Gulberg, Opposite Nursery, Near Landmark Plaza, Lahore.
The Commission will examine written-off loan cases of Rs. 2.5 million and above for the period 1971-1992 and written off loans of Rs.25 million and above for the period from 1992 onwards of banks/ Development Finance Institutions (DFIs).
It may be recalled that the Supreme Court of Pakistan's order dated June 3, 2011 in a Suo Moto Case No. 26/2007 had appointed Justice Syed Jamshed Ali (Retd.) as Chairman of the Commission on Written off Loans.