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September 2, 2003 Tuesday Rajab 4, 1424

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Ittefaq, Redco, AWT among top defaulters, NA told



By Our Staff Reporter


ISLAMABAD, Sept 1: Former prime minister Nawaz Sharif’s Ittefaq Foundries, former Ehtesab Bureau chief Saifur Rehman’s Redco Textile Mills, Uch Power, Army Welfare Trust and Bayindir Construction Tourism Trade and Industries Corporation are among the top 99 loan defaulters of the country, the National Assembly was informed on Monday.

Finance Minister Shaukat Aziz in his written reply to a question by People’s Party Parliamentarians member Syed Naveed Qamar informed the house that the list contained the information till Feb 1.

The list was provided from the records of State Bank’s banking supervision department, credit information bureau.

The names of the borrowers are: Fateh Textile Mills, Uch Power, ARY Traders, Ilyas H. Usman, Spinning Machinery Company of Pakistan, Northern Polyethylene, Army Welfare Trust, Anwarzaib White Cement, Ittefaq Foundries, Mohib Textiles Mills, Kohinoor Industries Faisalabad, Bela Chemical Industries, Resources Development Corporation, Karachi Development Authority, Abdul Shakoor Ismail Kaloodi, Ghee Corporation of Pakistan, Mekran Fisheries, National Fibres, Kiran Sugar Mills, Chaudhry Cables, Sarela Cement, Faruki Pulps Mills, Marhaba Textile Mills, State Engineering, Murtuza Haseeb Textile Mills, Mehr Dastagir Spinning Mills, Zarak Textile Mills, Dadabhoy Cement Industries, Kohinoor Edible Oils, Pakland Cement, West Pakistan Tank’s Terminal, Global Marketing, Redco Textile Mills, Bachani Sugar Mills, Punjab Cooperative Board for Liquidation, Service Fabrics, World Automobiles, Pioneer Cement, Quarel Cassettes, Aziz Spinning Mills, Kashmir Sugar Mills, Utility Stores Corporation, Bawany Sugar Mills, Chaudhry Wire Rope Industries, National Fructose Industries, Cofcot Textile Mills, Mian Mohammad Sugar Mills, Tharparker Sugar Mills, Pakpattan Dairies, Consolidated Sugar Mills, Sun Flow CIT-RUSS, Stone Craft Industries, Trans Mobile, Haral Textile Mills, Firdous Spinning and Weaving Mills, Crystal Chemicals, Pak China Fertilizer Company, Tri-Star Polyester, National Motors, Bilal Spinning Mills, Zenith Coating, Ravi Agri and Dairy Products, Regency Textile Mills, Qand Ghar, Dannemann Fabrics, Marmitex Industries, Pearl Fabrics, Millrock Quarrying, Tristar Shipping Lines, Dadabhoy Energy Supply, Spinghar Textile Mills, Pangrio Sugar Mills, Hala Spinning Mills, Synthetic Chemicals, R.K. Textile, Raja Weaving Mills, Anoud Power Generation, Sunshine Jute Mills, Pakistan Concrete Products, Ghandhara Nissan, Pak Exports, Crescent Knitwear, Mak Dying and Finishing Mills, Multan Edible Oil, Mumtaz Shahbaz Textile Mills, Mohib Exports, Ansari Sugar Mills, Consolidated Spinning and Textile Mills, Mohib Fabric Industries, Spencer Distribution, International Ghee Industries, Indus Fruit Products, Aleemsons Weaving Dying and Printing, Ittefaq Bros, Bayindir Construction Tourism Trade and Industries, Montgomery Modern Flour and Rice Mills, Hilal Corporation, Nimir Industrial Chemicals and Saadi Cement.

Replying to another question, the minister said there were 491,372 defaulters of different banks and development financial institutions, of whom 7,981 were defaulters of Rs1 million and above.






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