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Getting Rs54b loans written off: SC issues notices to 222 individuals, companies

By Sohail Khan
May 19, 2018

ISLAMABAD: The Supreme Court (SC) issued notices to 222 individuals and companies that had allegedly got loans of Rs54 billion written off.

A press release issued by the apex court on Friday revealed that a two-member bench, headed by Justice Mian Saqib Nisar, Chief Justice of Pakistan, and comprising Justice Mushir Alam heard suo motu case No.26 of 2007 with HR cases and Constitution Petition No64 of 2009 regarding deadbeats got loans of Rs54 billion written off.

The case was heard on May 13, 2018 at Supreme Court of Pakistan, Islamabad and the bench ruled that as per report of the commission constituted by this court, action against 222 individuals/companies had been recommended on account of the fact that the loans were not written-off in accordance with law.

The court then issued notice to all 222 individuals/companies with the direction to ensure their presence on the next date of hearing and to submit their replies before June 8, 2018. The individuals and companies that had been issued notices are:-

Bank of Khyber: -M/s Afghan Ghee Industries, M/s Imala Ghee Mills and M/s Shahlala Plastic Industries. Habib Bank Ltd: -M/s Abbas Engineering, M/s Abbas Steel Industries (Pvt) Ltd, M/s Adamjee Garments (Pvt) Ltd, M/s Ahmed Food Industries (Pvt) Ltd, M/s Ajax Industries (Pvt) Ltd. (Adamjee Group). M/s Al-Abbas Fabricos (Pvt) Ltd, M/s Alif Textile Industries Ltd, M/s Al-Jadeed Textile Mills Ltd, M/s Allama Textile Mills Ltd, M/s Al-Muqeet International, M/s Alpha Special Steel Casting, M/s Ashraf Impex & M.H. International, M/s Aslam Cotton (G&P) Factory, M/s Ayaz Textile Mills (Pvt.) Ltd, M/s Aziz Spinning Mills (Pvt) Ltd, M/s Bolan Beverages (Pvt) Ltd, M/s Continental Beverages (Pvt) Ltd, M/s Continental Rice Mills, M/s Dascon (Pvt) Ltd, M/s Fabritex Industries, M/s Farooq Ahmed Cotton Mills Ltd, M/s Ghulam Mohammad Dossul & Company, Golden Valley Trading Co. Ltd (Adamjee Group), M/s Harrapa Textile Mills Ltd, M/s Ibex Textile Mills, M/s Industrial Sacks (Pvt) Ltd, M/s Ink Chemicals (Pvt) Ltd, M/s Iram Textile Mills Ltd, M/s Jam Sher Ali Khan, M/s Kaisar Arts & Krafts Ltd, M/s Kakasian Feeds (Pvt) Ltd, M/s Kakasian Oil (Pvt) Ltd, M/s Kakasian Packages, M/s Karim Cotton Mills Ltd, M/s Karim Silk Mills Ltd, M/s Kashif Steel Industries (Pvt) Ltd, M/s Kassam Sons, M/s Dhedi Ind (Kassam Group), M/s Khalil Jute Mills Ltd, M/s Kiran Enterprises, M/s Kotri Textile Mills Ltd, M/s KPL Papers, M/s Kurdistan Trading Co, M/s Kwality Paper, M/s Latif Shakir Textile Mills Ltd, M/s Lion Steel Industries, M/s M.K. Fast (Pvt) Ltd, M/s M.S. Sports Wear, M/s Madina Paper & Board Mills Ltd, M/s Marrium Garments (Pvt) Ltd, M/s Marvi Industries, M/s Mercury Garments, M/s Milkways Limited, M/s Mountain Valley Water (Pvt) Ltd, M/s Mubarak Textile Mills Ltd, M/s Muhammad Farooq AR, M/s Naqi Beverages, M/s National Auto Bulbs (Pvt) Ltd, M/s National Woolen Mills, M/s Nature Farm Products (Pvt) Ltd, M/s Niaz Knitwear (Pvt) Ltd, M/s Novelty Fabrics Limited, M/s Nutripak Food Industries Ltd, M/s Orient Rice Mills (Pvt) Ltd, M/s Pak Asia Industries (Pvt) Ltd, M/s Pakistan National Textile Mills, M/s Paper Chem (Pvt) Ltd, M/s Paper Packaging (Pvt) Ltd, M/s Petro Commodities (Pvt) Ltd, M/s Prove`nco (Pvt) Ltd, M/s Prudential Textile Mills, M/s Qasim Textile, M/s Qayyum Spinning Mills Ltd, M/s Rabka Breeding Farm, M/s Razik Engineering, M/s Reliable Business Associate Group, M/s Sahil International, M/s Sakhi Silk Mills (Pvt) Ltd, M/s Sarbaz Traders, M/s Schon Knitwear, M/s Service Fabrics, M/s Shafiq Textile Mills Ltd, M/s Shakir Latif Industries, M/s Shepherd & Shepherd (Pvt) Ltd, M/s Sinsas Enterprises Ltd, M/s Taha Spinning Mills Ltd, M/s Thermax Pakistan (Pvt) Ltd, M/s Tobacco Industries, M/s Yasmeen Weaving Mills Ltd, M/s Zahid Rajput Developers, M/s Zamir Textile Mills Ltd, M/s Zar Jabeen Textile Mills.

Industrial Development Bank of Pakistan:- M/s Azeem Food Industries Ltd, M/s Bela Ghee Mills Ltd, M/s Big Mak Foods Ltd, M/s Century Industries (Pvt) Ltd, M/s Hakim Textile Mills Ltd, M/s Hala Spinning Mills Ltd, M/s Jet Era Textile (Pvt) Ltd, M/s Kraft Kit (Pvt) Ltd, M/s M.S. Enterprises Ltd, M/s Misto Industries Ltd, M/s National Video Industries (Pvt) Ltd, M/s Pak Absorbent Inds (Pvt) Ltd, M/s Pak Weavers (Pvt) Ltd, M/s Reshi Textile Mills Ltd, M/s Rubicon Industries (Pvt) Ltd.

National Bank of Pakistan: M/s Adamjee Garments Industries, M/s Adamjee Industries Ltd, M/s Al-Asif Sugar Mills Ltd, M/s Aleem Sons (Pvt) Ltd, M/s Al-Hassan Enterprises (Pvt) Ltd, M/s Ali’s Knitwear, M/s Al Shams Industries (Pvt) Ltd, M/s Aslam Taxtan, M/s Associated Ind. Garments Ltd, M/s Attock Engineering (Pvt) Ltd, M/s Attock Textile Mills Ltd, M/s Ayyaz Textile Mills Limited, M/s Balochistan Manufactures Ltd, M/s Batala Ghee Mills (Pvt) Ltd, M/s Bawany Industries Ltd, M/s Bela Ghee Mills Limited, M/s Chaudhry Electrodes Ind. Ltd, M/s Chauhan Vegetable Ghee Mills Ltd, M/s Choti Textile Mills Ltd, M/s Crescent Jute Products Ltd, M/s Digital Communication (Pvt) Ltd, M/s Electronic Information & Energy System, M/s Expo International Pvt. Ltd (Taj group), M/s F.F. Cans (Pvt) Ltd, M/s Fatima Food Industries, M/s First Tawakkal Modaraba, Foot Care (Pvt) Ltd, M/s Frontier Pharmaceutical, M/s Glamour Textile Mills Ltd, M/s Haji Mohammad Ismail Mills Ltd, M/s Harrapa Textile Mills, M/s Ice Pak Limited, M/s Jahangir Fabrics (Pvt) Ltd, M/s Kashmir Polytex Limited, M/s Nick Fung Textile Company, M/s Kunzan Textile Mills Ltd, M/s Mehr Dastgir Leather Ind. Ltd, M/s Mehr Dastgir Spinning Mills Ltd, M/s Metro Garments & Hosiery Ltd, M/s Mumtaz Shabaz Textile, M/s Myco Industries, National Garments (Pvt) Ltd, M/s Oberoi Textile Mills Ltd, M/s Pak Green Fertilizer Ltd, M/s Pakistan National Textile Mills, M/s Pak Daud Cement, M/s Pak Land Cement Pvt. Ltd, M/s Paras Textile Mills Ltd, M/s Polysacks (Pvt) Ltd, M/s Power Textile Industries Ltd, M/s Quality Steel Works Ltd, M/s Quality Weaving Mills Ltd, M/s Qurel Cassettes (Pvt) Ltd, M/s Rafique Textile Mills (Pvt) Ltd, M/s Rakshani Paper Board Ind, M/s Rehmat Industries, M/s Reshi Textile Mills Ltd, M/s Saadi Cement (Dewan group), M/s Saigal Ghee Mills Ltd, M/s Sak Garments & Hosiery Ltd, M/s Shama Textile Industries (Pvt) Ltd, M/s Sheikhoo Cooking Oil Mills Ltd, M/s Sidra Rice Mills (Pvt) Ltd, M/s Siftaq International Limited, M/s Siraj Steels Ltd, M/s Spectrum Chemicals (Pvt) Ltd, M/s Taj Solvex (Pvt) Ltd, M/s Taymoor Spinning Mills Ltd, M/s Ulbricht’s Pak (Pvt) Ltd, and M/s Zeenat Marble Industries.

NIB Bank (Now MCB): M/s Frontier Dextrose, M/s Gadoon Synthetics, M/s Multiwhite Blocks, M/s Sindh Textile Industries.

PLHC Bank: M/s Bella Chemicals, M/s Chakwal Chemical, M/s Ferro Alloys, M/s Northern Chemicals, M/s Solvex Industries.

SME Bank: M/s Dynasty Hotel, M/s Flower Oil Mills, M/s Jaguar Knitting (Pvt) Ltd, M/s Monarch Knitwear, M/s Pasban Soap Industries, M/s Salar Textile Mills, M/s Sharik International.

United Bank Ltd: M/s Mehr Din Pak Industries, M/s Nabeel Fibre Ltd, M/s Peshawar Pipe Mills and M/s Rahim K. Sheikh Transporters.

Zarai Taraquaiti Bank Ltd (ZTBL): M/s AM Pak Daries Pvt Limited, M/s A-One Chicks and Feed Mills, M/s Batrax (Pvt) Limited, M/s Compact Particle Board, M/s Farooq Habib Textile Mills, M/s Fiber Board Industries, M/s Imran Oil Extraction Limited, M/s Kabir Fertilizer Limited, M/s Kiran Sugar Mills Limited, M/s Langar Sulemani Industries, M/s Mian Muhammad Sugar Mills, M/s Milkways Limited Lahore, M/s Monno Dairies Pvt Ltd, M/s Mubarak Dairies, M/s Multan Edible Oil, M/s Pak Green Fertilizer Limited, M/s Pakpattan Dairies Limited, M/s Punjnad Polypropylene.