Defaulters of scheduled banks not eligible to contest elections

PT Report

Gilgit, September 26: The election commissioner for Gilgit – Baltistan, Zafar Waqar Taj, has said that according to law defaulters of scheduled banks will not be allowed to contest elections of GBLA. However, only those who have been declared defaulters would be affected under the law.

Former chief executive of NALA, Ghazanfar Ali Khan, is also believed to be one of the biggest borrowers of loans in the region. According to some reports he borrowed eight hundred million rupees during construction of the Darbar Hotel, in Kariabad, Hunza. He has, however, not been declared defaulter by any bank, so far. 

The National Bank of Pakistan had ordered inquiry against Ghazanfar Ali Khan and his son, Salim Khan, for alleged corruption in Sost Dry Port’s accounts. Due to illegal borrowing, the regional office of NBP in Gilgit – Baltistan was wrapped up and the region was brought under the Islamabad region. The fate of this inquiry is not known, yet.