• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Thursday, June 19, 2025

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel Tensions
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Ramblings
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • Lifestyle
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

Grant of interest free loans to LHC judges challenged

A petition challenging the ‘grant of interest-free loans’ was filed in the Lahore High Court (LHC) against the earlier approval of the monetary facility extended to eleven judges of the high court, a private TV channel reported on Friday.

The petition requested the court to declare the act ‘unlawful’ as it violates the equity clause and code of conduct of the judges.

“The act of respondents chief secretary, secretary S&GAD, secretary finance civil secretariat and judges amounts to violation of Article 2-A and 25 of the Constitution as it amounts to discrimination and inequality.” “The public at large and even the poor are being charged 22 percent interest on loans while a judge who is withdrawing a whopping Rs 900,000 salary is getting interest free loan and that is something unethical, immoral and unjustified” the petitioner Muhshkoor Hussain contended in his petition.

The LHC judges had desired to avail the facility of interest-free loans equal to 36 basic pays for the purchase/construction of houses. Each judge has a basic pay to the tune of Rs912,862. The approval for the grant of the loan has been given by the cabinet standing committee for finance, and two of the judges have already received the interest-free loan amounting to Rs32.86m each, he added. The petitioner in his petition underlined that the interest-free loan has been granted to Justice Ahmad Nadeem Arshad, Justice Safdar Saleem Shahid, Justice Rasaal Hasan Syed, Justice Shakil Ahmad, Justice Muhammad Tariq Nadeem, Justice Muhammad Amjad Rafique, Justice Abid Hussain Chattha, Justice Anwar Hussain, Justice Ali Zia Bajwa, Justice Muhammad Raza Qureshi and Justice Raheel Kamran.

The loan amount is being released in one installment and will be recovered by deducting one-fourth (25 per cent) of basic pay on a monthly basis. Eventually, the interest-free loan will be recovered in 12 years, while some of the judges will retire in a year to six, nine, and 11 years. There is no precedent where an interest-free loan is given that will be payable in installments from their pension either to the general public or to public functionaries. It is pertinent to mention here that Pakistan central bank kept interest rate at 22 percent.

“The act of Respondents and Judges amounts to violation of article 2-A and 25 of the constitution as it amounts to discrimination and inequality. The public at large and even the poor are being charged 22 percent interest on loans while a judge who is withdrawing a whopping 9 lac salary is getting interest free loan and that is something unethical, immoral and unjustified.” The petitioner further requested the court that if the loan is already granted they be directed to charge interest as it is being charged from the public at large. He also prayed the court that they be directed to not grant any interest-free loan to judges if any application is made.

Filed Under: Pakistan

Submit a Comment




Primary Sidebar




Latest News

Rupee sheds 14 paisa against dollar

PSX sheds over 1,500 points

Gold decreases by Rs 2,245

National Tariff Policy aims to eliminate RDs, ACDs in 5 years, draft shows

Careem to end ride-hailing services in Pakistan

Pakistan

Azma questions Imran’s ‘silence’ on Iran-Israel war

Workshop on advanced Retinoblastoma treatment held in Lahore

India targeting Sikh separatist movement in North America: Canada

K-Electric, K-Solar partner with Huawei Technologies

Taliban ban smartphones from schools

More Posts from this Category

Business

PIA sale draws interest from leading firms

Court delivers Pakistan’s first-ever conviction for insider trading

Solar imports reach 32,000MW generation capacity

Pakistan to showcase products at China-South Asia expo

LSMI output grew by 2.29 % in April

More Posts from this Category

World

Sloganeering, display of banners and flags banned in Senate

Iran restricts internet access nationwide, blames ‘enemy misuse’

Tragedy at sea: 60 migrants feared dead in twin Libya shipwrecks

More Posts from this Category




punjab

Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2025 Daily Times. All rights reserved.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy