Pakistan in Media

Opinionated Media Coverage

Abuse of Power by Worthy PM

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ISLAMABAD: While the Musharraf regime was notoriously abusing taxpayers’ money by writing off billions of bank loans to the powerful, the PPP government is not far behind. Data placed before the National Assembly reveals during PM Gilani’s short tenure, Rs 33 billion have already been written off.

Industrialists and business tycoons quietly got a mind boggling amount of Rs 119 billion of loans written off during the last five years (2004-2008), as the previous figure of Rs 54 billion written off loan placed before the National Assembly in 2007, dramatically jumped by additional Rs 65 billion within the last two years.

The official documents placed before the National Assembly revealed that just within a year, a huge amount of Rs 33 billion was quietly written off when Yousuf Raza Gilani was serving as the prime minister in 2008.
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posted @ 11:11 AM,

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