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05-23-2016, 04:42 AM
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Govt to recover written-off loans: Dar
Addressing a ceremony to mark the authorisation of payment to the depositors of In**vative Investment Bank Limited (IIBL), he said the government had a strong will to pursue the issue of written-off loans with full commitment. In the draft of terms of references (TORs) prepared by the government, he said, there was a clause included according to which all those public ****** holders, whose loans were written-off due to their influence, should be pursued to get back the public money. Dar said setting up offshore companies was **t illegal, adding that the **tification for parliamentary committee, which would decide ToRs for Panama Leaks probe, was to be issued in two days. He said he was impressed by the performance of IIBL which managed to recover Rs 48 million loans which had been written-off by some individuals. Dar said during his tenure he had ensured the auto**my of various departments including Securities and Exchange Commission of Pakistan, State Bank of Pakistan and Pakistan Bureau of Statistics, which resulted in good improvement in their performance. He said the annual growth of revenue collection was around 3.3 per cent before 2013 while the average rate during three years tenure of the current government was recorded at 18 per cent which was result of various structural reforms the government had introduced in the Federal Board of Revenue (FBR). أكثر... 
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