CHITRAL, March 6: The government's initiative to waive off bank loans under the Malakand division relief package has benefited only the influential people and businessmen of Chitral district, who had obtained millions of rupees loans from different banks.

Talking to this correspondent here on Sunday, a number of small entrepreneurs said that in the wake of increasing militancy the federal government had announced to write off bank loans of the people of Chitral obtained before December 31, 2009.

Saifur Rahman and Nazir Shah of Chitral bazaar said that the package benefited only the big businessmen, as the small loan holders had returned the loans for fear of being declared defaulters following continued pressure from the banks.

They said that the package was aimed at boosting small enterprises in the area to encourage self-employment. They claimed that the bank managements spared those who had got hefty loans.

“Many of the small loan holders even sold their lands, fruit orchards and animals to clear loans when the bank authorities press them hard,” said a fruit vendor Rafiq Ali.

He said that the government should order reimbursement of payments made by the small loan holders during 2009. CONDEMNED:

Former MNA Maulana Abdul Akbar Chitrali has condemned police baton charge of Chitral-bound passengers in Upper Dir.

He said that the passengers were peacefully protesting against the closure of Lowari Pass due to the negligence of National Highway Authority (NHA).

Talking to this correspondent on phone on Sunday, Mr Chitrali said that over 500 passengers were stranded in Upper Dir, as the NHA could not clear the road leading to the Lowari tunnel following a snow avalanche fell three days ago.

Mr Chitrali asked the provincial government for an apology to the people of Chitral for the baton charge of Chitralis and suspension of the NHA officials who failed to clear the road in three days.

Opinion

Editorial

Islamabad march
Updated 27 Nov, 2024

Islamabad march

WITH emotions running high, chaos closes in. As these words were being written, rumours and speculation were all...
Policing the internet
27 Nov, 2024

Policing the internet

IT is chilling to witness how Pakistan — a nation that embraced the freedoms of modern democracy, and the tech ...
Correcting sports priorities
27 Nov, 2024

Correcting sports priorities

IT has been a lingering battle that has cast a shadow over sports in Pakistan: who are the national sports...
Kurram ceasefire
Updated 26 Nov, 2024

Kurram ceasefire

DESPITE efforts by the KP government to bring about a ceasefire in Kurram tribal district, the bloodletting has...
Hollow victory
26 Nov, 2024

Hollow victory

THE conclusion of COP29 in Baku has left developing nations — struggling with the mounting costs of climate...
Infrastructure schemes
26 Nov, 2024

Infrastructure schemes

THE government’s decision to finance priority PSDP schemes on a three-year rolling basis is a significant step...