Recently there were news about that Pakistani Banks had quitely written off Rs. 50 billion fresh loans outstanding against the borrowers during the last two years and at the same time, Pakistan's total borrowing from World Bank, Asian Development and IMF reaches $31 Billion.
Now seeing such figures one can easily think that on one side we are showing our so-called economic recession and asking for help in terms of loans or donations etc and on the other hand our banks are writing off fresh loans which a very high percentage. According to the figures given by Dr. Khuwaja Amjad Saeed from 1947 to 2007 banks have been writing off loans with the average of 6.8 billion per year but during this "freshly" democratic government this average has reached to 25 billion rupees. Ofcourse, if we have to monitor the companies whom loans have been written off, we still their luxurious lifestyles but on paper who are unable to pay their debts.
Today I am sharing you the program "Maeshatnama" on this topic and it is being discussed by renonwned economist Dr. Khuwaja Amjad Saeed while the program was moderated by Syed Azhar Bukhari and produced by me, Syed Nabeel Tirmazi.
Video discussing how can economy survive while on one hand we are generously writting off local loans and on the hand asking for grants, loans and donations from foriegn banks??
Video discussing role of Supereme Court of Pakistan in this issue:
Video discussing the role of State bank and does it need accountability:
is islamic banking and finance system is suitable for pakitan to remove disparities?
ReplyDeletehere is a conference where lots of scholars are going to deliver lecture. what you think we should attend this conference or not? plz reply something.
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