Lahore High Court has asked Ministry of Finance to file its reasons for having loans of 256 billion write off by the banks. These loans were taken by influential politicians, industrialists, and professionals. The petitioner also plead in the court that in last two years loans of Rs 51 billion were written off as compared to the estimated amount of Rs 56 billion loans written off in last 40 years. He also requested the court to pass orders to the State Bank of Pakistan to recover these loans, as being the Central Bank, SBP is responsible for monitoring and directing other banks.

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