Balochistan PA calls for writing off bank loans

Published October 10, 2013
Speaker Mir Jan Muhammad Jamali presiding over the session of Balochistan Assembly.— Photo by Online
Speaker Mir Jan Muhammad Jamali presiding over the session of Balochistan Assembly.— Photo by Online

QUETTA: Balochistan Assembly has adopted a resolution demanding of the federal government to write off bank loans obtained by farmers in the province and formed a parliamentary committee to hold talks with the federal finance minister on the matter.

The house unanimously converted the adjournment motion moved by Obaidullah Babat into a resolution which demanded of the federal government to waive the loans granted to the farmers by the Agriculture Development Bank of Pakistan (ADBP).

Speaker Mir Jan Muhammad Jamali chaired the assembly session here on Wednesday night.

Speaking during a general discussion on the motion the lawmakers claimed that the agriculturists had taken the loan ten years back and the governments of retired General Pervez Musharraf and former prime minister Yousuf Raza Gilani had waived the loans of different districts because of long spell of drought but the decisions of the two governments were not implemented. Now the banking court had issued arrest warrants against many farmers.

The farmers, they said, were unable to repay loans and demanded of the federal government to waive them. The members demanded that the arrest warrants issued by the banking courts against the concerned farmers be withdrawn and expressed their dismay over the victimisation policy of the bank management.

The members approved the formation of a parliamentary committee consisting of the treasury and opposition members which would meet Finance Minister Ishaq Dar and discuss the matter.

Opinion

Editorial

IMF’s unease
Updated 24 May, 2024

IMF’s unease

It is clear that the next phase of economic stabilisation will be very tough for most of the population.
Belated recognition
24 May, 2024

Belated recognition

WITH Wednesday’s announcement by three European states that they intend to recognise Palestine as a state later...
App for GBV survivors
24 May, 2024

App for GBV survivors

GENDER-based violence is caught between two worlds: one sees it as a crime, the other as ‘convention’. The ...
Energy inflation
Updated 23 May, 2024

Energy inflation

The widening gap between the haves and have-nots is already tearing apart Pakistan’s social fabric.
Culture of violence
23 May, 2024

Culture of violence

WHILE political differences are part of the democratic process, there can be no justification for such disagreements...
Flooding threats
23 May, 2024

Flooding threats

WITH temperatures in GB and KP forecasted to be four to six degrees higher than normal this week, the threat of...