ISLAMABAD
Following is the list of the companies, which had got their loans written off. The State Bank of Pakistan had submitted this list of top 50 public and private companies in the Supreme Court. The list also includes the names of the owners and directors of the companies.
Loans write offs under Banking Companies Ordinance-29 (BPD) among top 50 write offs of Banking Sector: Mercury Garments Industries (Badr-uz-Zaman, Javed Sultan, Muhammad Asif, Muhammad Razi, Muhammad Saleh) Rs 1,565.89 million; Siraj Steels Ltd Muridke (Ahmed Nasim Qasim, Salamat Qasim, Muhammad Qasim, Muhammad Akram) Rs 1,412.66million; Pakistan National Textile (Agha Tahir Hussain,
Shafiq Fatima, Agha Babar Hussain, Niama Fatima, Agha Tajammal Hussain, Agha Tahir Hussain) Rs 1,16654 million; Mehr Dastgeer Spinning Mills Ltd (Khawaja Muhammad Yousuf, Khawaja Muhammad Abdur Rehman, Khawaja Muhammad Abdullah, Noor Jehan, Bilqees Akhtar, Aisha Farzana, Mehr Fatima) Rs 1,160.56 million; Redco Textiles Ltd (Mujeebur Rehman Khan, Attiquer Rehman Khan, Saifur Rehman Khan,
Muneeza Saifur Rehman Khan, Taufiqua Amanullah, Samina Asad Khan) Rs 1,116.77 million; Chaudhary Cables (Pvt) Ltd (Chaudhary Muhammad Azam, Chaudhary Muhammad Qasim, Chaudhary Muhammad Akram) Rs 1,060.58 million; Quality Steel Works Ltd SITE Karachi (Muhammad Ismail, Major General (retired) Farhat Ali Khan Barki, Muhammad Farooq Jeddy, Ziauddin Jeddy, Saeed Khan, Ahsan Ahmed, Mushtaq Ahmed, Mukaddem Irshad Ahmed) Rs 981.60 million; Qurel Cassette Ltd (Rashida Qayyum, Major General (retired) Mian Abdul Qayyum, Aumir Qayyum) Rs 900.92 million;
Aziz Spinning Mills Ltd ( Ejaz Sadiq, Arif Hanif Khan, Abid Aziz Khan, Khalid Aziz Khan, Irfan Aziz Khan, Amjad Hussain, Perveen Khalid, Irfan Bashir Qureshi) Rs 864.95 million; Reshi Textile Mills Ltd (Altaf Hussain, Zafar Ahmed Babar Reshi, Khurshid Elahi, Shoukat Ahmed, Razia Begum, Ghulam Ahmed Reshi, Shafiqa Khurshid) Rs 859.17 million; Farooq Habib Textile Mills Ltd (Qayyum Javed Khan, Abdul Hafeez, Mian Habibullah, Iftikhar Habib, Farooq Habib, Yasmeen Zafar, Sabina Farooq, Zafrullah Khan) Rs 827.15 million;
Firdous Spinning and Weaving Mills ( Mian Muneer Ahmed, Mian Aftab Ahmed, Mian Gulzar Ahmed) Rs 780.14 million; Tri-Star Polyester Ltd (Habib Jamal, Asad Ahmed, Jawed Ahmed Siddiqui, Tahir Ahmed, Muhammad Ahmed Ismail, Rashid Ahmed, Aliya Ahmed) Rs 737.02million; Mian Muhammad Sugar Mills (Syed Muhammad Hussain Gardezi, Mushtaq Ahmed Bhatti, Mrs Shahida Altaf, Saeedullah Khan Alizai, Raja Sajjad Hussain, Sardar Muhammad Farooq Tabassum, Mansoor Qaim) Rs 584.90 million; Service Fabrics Ltd (Nasreen Aftab Ahmed Khan,
Ejaz Hameed, Farooq Hameed, M Saleem Minhas, Amir Hameed, Sajid Saleem Minhas, Uzma Hameed) Rs 571.23 million; Ravi Agri and Dairy Products (Muhammad Naseem, Kaleem Haider Zaidi, Chuadhary Muhammad Akram, Sheikh Muhammad Saleem, Muzammil Khan Lodhi, Chuadhary Amjad Mustafa, Murad Begum) Rs 509.73 million; Pakpattan Dairies (Chaudhry Saleem Nazeer, Chaudhry Nazeer Ahmed, Khaliqdad Khan, Muazzam Mahmood Maneka, Farooq Ahmed Maneka) Rs 467.12 million.
Top 50 write offs of Banking Sector (Stand-alone basis): Euro Gulf Enterprises (Abdul Khaliq Chagla) Rs 5,342.55 million; M Younis Habib (M Younis Habib) Rs 2,476.40 million; West Pakistan Tank Terminal Pvt Ltd (Sadruddin Gangji, Hasham A H Gangji) Rs 1,977.38; Mercury Garments Industries (Badr-uz-Zaman, Javed Sultan, Muhammad Asif, Muhammad Razi, Muhammad Saleh) Rs 1,565.89 million;
Siraj Steels Ltd Muridke (Ahmed Naeem Qasim, Salamat Qasim, Muhammad Qasim, Muhammad Akram) Rs 1,412.66 million; Spinning Machinery Company of Pakistan (Public Sector Project, guarantee State Engineering Corporation Pakistan) Rs 1,387.60; Saadi Cement Ltd Karachi (Farrukh Waqaruddin Junedi, S Monis Abdullah Alvi, Muhammad Habib,
Zaheer Mustafa Jaleel, Athar Naqi, Azeezul Haq, Khurshid Anwar Jamal, Javed Mahmood, Khalid Siddique Tirmizi) Rs 1,265.97 million; Pakistan National Textiles (Agha Tahir Hussain, Shafiq Fatima, Agha Babar Hussain, Niama Fatima, Agha Tajammal Hussain, Agha Tahir Hussain) Rs 1,166.54 million; Mehr Dastgeer Spinning Mills Ltd (Khawaja Muhammad Yousuf, Khawaja Muhammad Abdur Rehman, Khawaja Muhammad Abdullah,
Noor Jehan, Bilqees Akhtar, Aisha Farzana, Mehr Fatima) Rs 1,160.56 million; Mohib Textile Mills Pvt Ltd (Sarwar Ali, Shehzad Saigol, Arif Saigol, Shafiq Saigol, Abid Saigol, Shahid Saigol, Asif Saigol) Rs 1,117.49 million; Redco Textiles Ltd (Mujeebur Rehman Khan, Attiquer Rehman Khan, Saifur Rehman Khan, Muneeza Saifur Rehman Khan,
Taufiqua Amanullah, Samina Asad Khan) Rs 1,116.77 million; Chaudhary Cables Pvt Ltd (Chaudhary Muhammad Azam, Chaudhary Muhammad Qasim, Chaudhary Muhammad Akram) Rs 1,060.58 million; Abdullah S Rajhiest (non-resident) Rs 1,031.90 million; Karachi Properties Investment (1974) Ltd (Rafi Muneer, Zaki Muneer, K M Muneer, O C Minwala) Rs 1,003.19 million; Quality Steel Works Ltd SITE Karachi (Muhammad Ismail, Major General (retired) Farhat Ali Khan Barki, Muhammad Farooq Jeddy,
Ziauddin Jeddy, Saeed Khan, Ahsan Ahmed, Mushtaq Ahmed, Mukaddem Irshad Ahmed) Rs 981.60 million; Makran Fisheries Pvt Ltd (Imtiaz ul Haq Butt, Azhar ul Haq Butt, Tassawar ul Haq Butt, Tanveer ul Haq Butt) Rs 960.12 million; Kohinoor Looms Ltd Lahore (Miss Mehreen Saigol, Mian Javed Saigol, Kathleen Saigol) Rs 945.41 million; A H International Pvt Ltd (Seema Sherazi, Muhammad Adnan Sherazi, Malik Ali Zain) Rs 901.21 million; Qurel Cassette Ltd (Rashida Qayyum, Major General (retired) Mian Abdul Qayyum, Aumir Qayyum) Rs 900.92 million;
Aziz Spinning Mills Ltd (Ejaz Sadiq, Arif Hanif Khan, Abid Aziz Khan, Khalid Aziz Khan, Irfan Aziz Khan, Amjad Hussain, Perveen Khalid, Irfan Bashir Qureshi) Rs 864.95 million; Reshi Textile Mills Ltd (Altaf Hussain, Zafar Ahmed Babar Reshi, Khurshid Elahi, Shoukat Ahmed, Razia Begum, Kh. Ghulam Ahmed Reshi, Shafiqa Khurshid) Rs 859.17 million; Farooq Habib Textile Mills Ltd (Qayyum Javed Khan, Abdul Hafeez, Mian Habibullah, Iftikhar Habib, Farooq Habib,
Yasmeen Zafar, Sabina Farooq, Zafrullah Khan) Rs 827.15 million; Northern Polyethylene Ltd (Intekhab A. Syed, Mubarak Salman, Syed Asghar Abbass, Syed Afzal Hussain, Col (retired) Abdul Mateen, Syed Aftab Ally Khan, Younis Niazi Malik) Rs 825.59 million; Firdous Spinning and Weaving Mills (Mian Muneer Ahmed, Mian Aftab Ahmed, Mian Gulzar Ahmed) Rs 780.14 million; Muhammad Murad Ebrahim
(Muhammad Murad Ebrahim) Rs 748.15 million; Metropolitan Steel Corporation Ltd (Mutiullah Khan, Waseem Mehdi Syed, Aslam Gadit, HN Akhtar, A Saeed Khan, Saqib Mukhtar, Behraam Hassan, Javed Ahmed Mirza) Rs 747.63 million; Tri Star Polyester Ltd (Habib Jamal, Asad Ahmed, Jawed Ahmed Siddiqui, Tahir Ahmed, Muhammad Ahmed Ismail, Rashid Ahmed, Aliya Ahmed) Rs 737.02 million; Bayindir Insaat Turizm Ticaret
(Farth Mehmet Coson, Mustafa Karamisir, Engin Erem, Bulent Cilingir, Mehmet Kuzudglu, Mehmet Mazak, Abdullah Coban, Gia G. Jilani, Faruk Yildrim, Omer Faruq Eritzman, Sadik Can) Rs 734.44 million; Commodore Industries (Russel G. Foster, Roger Gregory) Rs 722.76 million; Target Readymade Garments Factory (Ishtiaq Hussain Bukhari, Ahmed Muhammad, Khalfan) Rs 696.46 million; Balochistan Foundry Ltd (Aziz Dharamsay, Shehnshah Hussain Rizvi, Rafiq M Habib,
Kersi D Kapada, Fateh Ali R. Muhammad, Hussain Dharamsay, Ali S. Habib) Rs 663.54 million; Tawakkal Group of Industries (Muhammad Jawaid, Muhammad Rafique, Ali Hussain, Muhammad Farooq, Muhammad Junaid, Abdul Qadir Tawakkal, Muhammad Suhail, Gul Sher Bano, Zehra Bano, Muhammad Yusuf) Rs 642.22 million; First Tawakkal Modaraba (Ali Hussain Mooney, Abdul Qadir Tawakkal, Muhammad Rafique Tawakkal,
Abid Hussain) Rs 628.65 million; Synthetic Leather Industries ( Muhammad Humayun Ali) Rs 620.56 million; Neptune Garments Factory (Akhtar Zia ur Rehman, Ahmed Muhammad, Midfa, Shah Riaz Alam) Rs 597.52 million; Golden Textile Mills Ltd (Karim, Hassan Ali Chatoor, Maryam, Amir Ali, Xassim Ali Chatoor, Rashida, Rahim) Rs 589.72 million; Mian Muhammad Sugar Mills (Syed Muhammad Hussain Gardezi, Mushtaq Ahmed Bhatti, MRs Shahida Altaf, Saeedullah Khan Alizai, Raja Sajjad Hussain,
Sardar Muhammad Farooq Tabassum, Mansoor Qaim) Rs 584.90 million; Saadi Cement Ltd (Zaheer Mustafa Jaleel, Muhammad Khubaib, Athar Naqi, Khurshid Anwar Jamal, Syed Moonis Abdullah Alvi, Farrukh Viqaruddin Junaidi, Azizul Haq, Javed Mahmood, Khalid Siddique Tirmizi) Rs 584.11 million; Service Fabrics Ltd (Nasreen Aftab Ahmed Khan, Ejaz Hameed, Farooq Hameed, M Saleem Minhas, Amir Hameed, Sajid Saleem Minhas,
Uzma Hameed) Rs 571.23 million; Punjab Cooperative Board for Liquidation, Lahore (Government’s nominees-Public Sector Org.) Rs 538.23 million; Glamour Textile Mills Ltd Lahore (Aneesa Iftikhar, Mufassar Malik, Fareeda Tahir, Iftikhar Ahmed Malik, Mudassar Atta Malik, Tahir Attaullah Malik, Ambrina Tariq Butt) Rs 533.88 million; Punjab Road Transport Corporation- Rs 524.15 million; Ravi Agri and Dairy Prod. (Sh. Muhammad Naseem, Kaleem Haider Zaidi, Ch Muhammad Akram,
Sheikh Muhammad Saleem, Muzammil Khan Lodhi, Ch. Amjad Mustafa, Mst. Murad Begum) Rs 509.73 million; Pakistan Concrete (K M Zaki, K M Bashir, K M N Feroze, Rafi Muneer, K M Osman, Anwar Jehan Begum, Bilal Rafi) Rs 477.70 million; Pakpattan Dairies (Ch. Saleem Nazeer, Ch. Nazeer Ahmed, Khaliqdad Khan, Muazzam Mahmood Maneka, Farooq Ahmed Maneka) Rs 467.12 million; Al Jamea and Al Qaisi Trading Est.
(Ali Mubarak Al-Qaisi, Muhammad Abdullah Al-Jamia) Rs 462.67 million; Apparel Trading Est. (Kamal Mubarak Shah) Rs 456.00 million; Fabritex Ltd (Zahid Afzal Daha, Naeemullah Malik) Rs 454.32 million; Adamjee Industries (Tahir E. Shaikh, Mumtaz Saleem, Zafar S Shaikh, Frooq A Shaikh, Shereen Farooq) Rs 448.84 million; Northern Polyethylene (Abdul Mateen, Syed Afzal Hussain, Syed Asghar Abbass, Younis Niazi Malik, Intikhab Ali Syed, Mubarik Salman, Syed Aftab Ali Khan) Rs 446.35 million.
Write offs of other than BPD-29 among top 50 writes off of BaNking Sector: Euro Gulf Enterprises (Abdul Khaliq Chagla) Rs 5,342.55 million; M. Younis Habib (M Younis Habib) Rs 2,476.40 million; West Pakistan Tank Terminal Pvt Ltd(Sadruddin Gangji, Hasham AH Gangji) Rs 1,977.38; Spinning Machinery Company of Pakistan (Public Sector Project, guarantee State Engineering Corporation Pakistan) Rs 1,387.60;
Saadi Cement Ltd Karachi (Farrukh Waqaruddin Junedi, S. Monis Abdullah Alvi, Muhammad Habib, Zaheer Mustafa Jaleel, Athar Naqi, Azeezul Haq, Khurshid Anwar Jamal, Javed Mahmood, Khalid Siddique Tirmizi) Rs 1,265.97; Mohib Textile Mills Pvt Ltd (Sarwar Ali, Shehzad Saigol, Arif Saigol, Shafiq Saigol, Abid Saigol, Shahid Saigol, Asif Saigol) Rs 1,117.49 million; Abdullah S Rajhiest (non-resident) Rs 1,031.90 million; Karachi Properties Investment (1974) Ltd (Rafi Muneer,
Zaki Muneer, K M Muneer, O.C. Minwala) Rs 1,003.19 million; Makran Fisheries (Pvt) Ltd (Imtiaz ul Haq Butt, Azhar ul Haq Butt, Tassawar ul Haq Butt, Tanveer ul Haq Butt) Rs 960.12 million; Kohinoor Looms Ltd Lahore (Miss Mehreen Saigol, Mian Javed Saigol, Kathleen Saigol) Rs 945.41 million; AH International Pvt Ltd (Seema Sherazi, Muhammad Adnan Sherazi, Malik Ali Zain) Rs 901.21 million;
Northern Polyethylene Ltd (Intekhab A Syed, Mubarak Salman, Syed Asghar Abbass, Syed Afzal Hussain, Col.
