ISLAMABAD: Chief Justice Mian Saqib Nisar on Saturday remarked that consensus has been developed for immediate construction of two new dams in view of the chronic water crisis in the country.
While hearing a suo motu case related to Rs 54 billion loans got waived off by 222 individuals and companies, the top judge observed that the consensus was developed during a key meeting with experts and various stakeholders earlier this week. The amount recovered from the defaulters will be used to construct two new dams immediately, he remarked.
The chief justice stated that some of the defaulters have expressed willingness to pay 75 percent of the written-off loan amount, whereas those who do not return the amount will be sent to the banking courts.
The court then adjourned hearing of the case till July 4.
During previous hearings on the prevailing water crisis in the country, the chief justice had observed that construction of dams was imperative for Pakistan’s survival, and had inquired about the measures being taken to resolve the water issue.
Published in Daily Times, July 1st 2018.
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