SC and the Loans

“SC calls SBP details on waived off loans” reads prominently a headline of daily Pakistan Observer. Details being asked are of since 1971 and amount to a staggering Rs. 54 billion!!

MiLords, may I pray not to waste your time, effort and breath. Nothing will come out of it. The cases if opened and pursued will be in thousands and run for decades. The crafty, cunning and calculating borrowers – mostly the scheming politicians – will join hands and the present government will come to their aid, leaving your lordships as helpless as in a few other recent matters. Not much is likely to be reimbursed either to the exchequer and only the high profile advocates like Khosas, Sajjads, Qayyums and their likes will stand to gain with hefty fees. Why not resign to the inevitable and utilize the time and effort thus saved in adjudicating the long overdue pending cases before the SC?  

Col. Riaz Jafri (Retd)