Comments on: Line of Action by Presidency Over NRO

By: AOM

AOM — Mon, 23 Nov 2009 18:51:34 +0000

Pakistan’s top defaulters:
According to the Moeen Qureshi list of 1993, Fazalsons group was defaulting in the payment of 34 loans amounting to Rs 2,164 million, Hyesons was defaulting in Rs 1,174 million, Habib group in payment of 32 loans worth Rs 850 million, an obscure Naqvi group was in default of Rs 676 million, Tawakkal Rs 479 million, Adamjee Rs 198 million, Dadabhoy Rs 191 million, Hashwani Rs 48.7 million and Fancy Rs 40.6 million.
Major defaulters among the politicians were Chaudharies of Gujrat who were defaulting in payment of six loans worth Rs 109.66 million against Phalia Sugar, Punjab Sugar and Sapco Limited, Ittefaq group Rs 83 million against Ittefaq Foundry, Saifullah’s Rs 37.3 million while Zardari group was in default of Rs 7 million.

List of top loan defaulters by Benazir 6.9.1996.
S.No Name Amount Borrowed Default (Rs in Millions)
1 Ittefaq 3,675 2,891
2 Fazalsons 3,475 3,475
3 Tawakkal 1,768 1,464
4 Bela Chemicals 1,259 1,217
5 Abdul Shakoor Kalodia 1,215 1,215
6 Naqvi 1,213 1,060
7 Zahur 1,035 905
8 Ghani 1,023 985
9 Arabian Sea Enterprise 950 913
10 Hyesons 750 725
11 Chaudri Cables 716 684
12 Farooq A Sheikh 632 632
13 Habib 615 615
14 Bawany-Alnoor 601 485
15 Chaudry Shujaat 544 381
16 Dawood 540 325
17 Adamjee 526 494
Total 20,537 18,466

Top defaulters by Meraj Khalid in January 1997
S.No Name Amount in Default (Rs. in Million)
1 Ittefaq 3,013
2 Tawakkal 2,956
3 Fazalsons 2,800
4 Bela Chemicals 2,339
5 Chaudri Shujaat 1,557
6 Abdul Shakoor Koladia 1,254
7 Fauzi Ali Kazim 1,159
8 Saigol 1,086
9 Naqvi 1,056
10 Zahur 1,028
11 Abdullah Al-Rajaih 1,031
12 Ghani 903
13 Habib 845
14 Adamjee 832
15 Hashwani 640
16 Arabian Sea Enterprise 626
17 Sargodha 581
18 United 501
19 Chakwal 441
20 Dawood 376
21 Bawany-Alnoor 352
22 Fateh 213
23 Packages 166
24 Colony 81
Total 25,389

Top four defaulters are common in lists published by Benazir and Meraj Khalid adn 24 individuals and families are defaulting in the payments of Rs 26.7 billion to the nationalized commercial banks and financial institutions. Mian Aftab Ahmad of Fazalsons and Habib Bank Gujranwala merit a special place in the history of banking frauds in Pakistan.
Mian Aftab Ahmad, A professional loan defaulter:

By: Faryal

Faryal — Mon, 23 Nov 2009 17:57:10 +0000

Johann, you really are not aware of the ground realities in Pak.

By: saleem

saleem — Mon, 23 Nov 2009 15:12:25 +0000

I am totatally dis agreed with Mr Johann…
coz if we start to buree every thing of past then what would be remain with us,,obviously nothing…we as a nation will lost all creadability as well as the looted capital of the tax payers….we have to think now and keep the accountability process transparent and speedy..so it is request to the so called honour elleged members that please step down and return what you looted of our nation…all elleged members have nothing to live more life…ten years,ok twenty,let us assume 40 more years…then what….why they are choosing the wrong path which is ending at the ditch of HELL…..

By: johann

johann — Mon, 23 Nov 2009 14:20:19 +0000

NRO IS actually a tool devised to bring in Civlian democrasy with leaders who were all impl;icated in corruption by various Military regimes who ruled without any care.and kept the civilians in tightl leash.It is not that Zardari the 10%, nawaz sheriff or others like MQM leadership are angels except may be Imran type aristocrasy who always had support of Army chaps.
Chief justice must show wisdom to bury the past so that the infant democrasy grows. No politician whether in west or east or NOT corrupt. It is that they know how to hide better.

By: Saqlain Kabadia

Saqlain Kabadia — Mon, 23 Nov 2009 11:15:55 +0000

It has been said that the Presidential camp over the NRO will decide the fate of the country. How is that helping the cause? There is enough panic due to terrorist activity, and that is the real issue at hand, and collectively we can fix it.

By: ayaz tareen

ayaz tareen — Mon, 23 Nov 2009 07:30:05 +0000

may zardari ko nai manta ho. o iq achay presdent nai hy.

By: Arias

Arias — Mon, 23 Nov 2009 06:14:39 +0000

Bilawal To Zardari:
papa aap ki harkaton ki waja se nana(ZAB) k khandaan ki izzat pe daagh lag gaya jai

Zardari (with his colgate smile):
Beta daagh tou chala jaye ga , yeh waqat phir nae aaye ga

By: A Khokar

A Khokar — Mon, 23 Nov 2009 00:27:36 +0000

When we talk of a ‘National Reconciliation Order’ it means that a corrupt nation was made to bow down to repent its past sins and they openly admit that although they robbed, they plundered but from now on, they will no more indulge in any such business in the future….and although they went astray but they kept the faith and that they love their country.
The history should be counting the NRO as the stepping stone in the life of people—but have we got all that?
The answer may be Big Nay.
Then this inert business of NRO adopted in Pakistan is serving whom that it does not hold any waters or bears any credibility— then what is this for——-except for the few who came in ridding on its wings and very conveniently took over the rein of this country.

Yeh Kaisee Mohabat; Kahaan kay Fassanay
Peenay, Pillanay kay hain— sub Bahanay