List of ZTBL defaulters

Published November 24, 2006

ISLAMABAD, Nov 23: Zari Taraqqiati Bank Limited (ZTBL) here on Thursday provided to the Public Accounts Committee (PAC) the list of 47 industrialists who were written off Rs4.48 billion under the October 2002 remission of the State Bank of Pakistan for write-off of irrecoverable loans and advances.

The committee was informed that ZTBL had written off over Rs4.5billion irrecoverable loans to 11,964 defaulters under the SBP Circular No. 29 BPD. However, the irony was that a bigger chunk of the money went to only 47 industrialists, while only Rs400 million went to the rest of small farmers.

 

S.No. Name of Project Main Sponsor    Write-off (Rs in million) Region Name
     
1 Abdul Sattar Baluch 7.912 Karachi
Abdul Sattar Baluch    
2 Agri Project 26.063 Karachi
Ahmed Shah Shahzada    
3 Agro Tech Associates 5.215 Lahore
Ch. Umer Asadullah Bajva    
4 AM Pak Dairies 113.651 Lahore
Muhammad Ayaz    
5 Compact Particle Board 33.016 Lahore
Ch Shah Muhammad     
6 Diamond Breeders 10.254 Lahore
Ch Muhammad Ishaq    
7 Drilling Engineer Pvt Ltd. 0.804 Lahore
Jehanzeb Burki    
8 Fine Foods Ltd. 5.853 Karachi
Saleem Ahmed Khan    
9 Ghafco Industries 14.669 Karachi
Mahmood Ashraf Khan    
10 Ghousia Oil Mill 0.397 Muzaffargarh
Ch Muhammad Mushtaq    
11 Golden Chicks 7.646 Rawalpindi
M Abdul Wadood Khan    
12 Grain Tech Pvt Ltd. 40.45 Lahore
Khalid Umer Khakwani    
13 Haji Ashiq Pehlwan 1.907 Lahore
Muhammad Farooq    
14 Hepco Pvt Ltd. 50.187 Rawalpindi
Taimur Hassan Amin    
15 Ice Pac Ltd. 13.535 Lahore
Mansoor Arifeen    
16 Imran Oil Extraction 36.992 Lahore
Danish M Khan (Late)    
17 Kabir Fertilizer 217.212 Karachi
Khwaja Kabir Amed    
18 Kashmir Edible Oil 317.931 Lahore
Haroon Rashid    
19 Mian Brothers Dairy Farm 2.455 Lahore
Muhammad Aslam Khan    
20 Khawaja Oil Mills 0.251 R Y Khan
Khawaj Arshad Ahmed    
21 Khiljee Ind Pvt Ltd 50.508 Lahore
M Rafiq Khiljee    
22 M A Farms 1.268 Karachi
Ateeq Muhammad Mustafa    
23 Marium Feed 4.579 Karachi
Sardar M Iqbal Khan    
24 Masraf Agro Services 1.369 Lahore
Syed Mansoor Ali Shah