Home » , , , , , , , , , , , » Nawaz's Ittefaq group top most bank loan defaulter

Nawaz's Ittefaq group top most bank loan defaulter



Pakistan's top defaulters:

According to the Moeen Qureshi list of 1993, Fazalsons group was defaulting in the payment of 34 loans amounting to Rs 2,164 million, Hyesons was defaulting in Rs 1,174 million, Habib group in payment of 32 loans worth Rs 850 million, an obscure Naqvi group was in default of Rs 676 million, Tawakkal Rs 479 million, Adamjee Rs 198 million, Dadabhoy Rs 191 million, Hashwani Rs 48.7 million and Fancy Rs 40.6 million.
Major defaulters among the politicians were Chaudharies of Gujrat who were defaulting in payment of six loans worth Rs 109.66 million against Phalia Sugar, Punjab Sugar and Sapco Limited, Ittefaq group Rs 83 million against Ittefaq Foundry, Saifullah's Rs 37.3 million while Zardari group was in default of Rs 7 million.


Top defaulters by Meraj Khalid in January 1997

S.NoNameAmount in Default (Rs. in Million)
1Ittefaq3,013
2Tawakkal2,956
3Fazalsons2,800
4Bela Chemicals2,339
5Chaudri Shujaat1,557
6Abdul Shakoor Koladia1,254
7Fauzi Ali Kazim1,159
8Saigol1,086
9Naqvi1,056
10Zahur1,028
11Abdullah Al-Rajaih1,031
12Ghani903
13Habib845
14Adamjee832
15Hashwani640
16Arabian Sea Enterprise626
17Sargodha581
18United501
19Chakwal441
20Dawood376
21Bawany-Alnoor352
22Fateh213
23Packages166
24Colony81
 Total25,389


Share this Report :
 
Copyright © 2012. 'X' Reports - All Rights Reserved
Email Address: info@xreports.net Proudly powered by XReports