Crackdown against individuals giving loans on high mark-up

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Staff Reporter

Peshawar—Khyber Pakhtunkhwa government has decided to launch a crackdown against organizations and individuals giving loans to the people on self-imposed high mark up. The drive is being started from provincial metropolis soon in the 1stleg whereas its sphere will be expanded to other districts and tehsils of the province in the next phase. Responsibilities will be assigned to district administrations and local police at regional level for the purpose. It was revealed by Khyber Pakhtunkhwa Finance Minister Muzaffar Said Advocate while talking to delegation of traders community at his office civil secretariat Peshawar.
The delegation led by Adbul Qadir Saraf, president Alkhidmat Tajiran and Sirajuddin Qureshi, Amir Jama-e-Islami town one, paid rich tributes to provincial government on unanimously passing Khyber Pakhtunkhwa of prohibition of interest on Private Loans Bill 2016 from the Khyber Pakhtunkhwa Assembly.