PSIC begins legal operations against loan defaulters

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Staff Reporter

Rawalpindi—Punjab Small Industries Corporation (PSIC) started legal operations against loan defaulters and their guarantors would also book if the defaulters were found absconders. Decision to this effect was adopted in a meeting chaired by Director Punjab Small Industries Farah Razaq in Rawalpindi on Thursday. She narrated that Punjab Small Industries provided loans to applicants and action has been started against those defaulters who had failed to deposit their installments. Farrah Razaq said that defaulters would be arrested to recover the loans and their properties would also be auctioned.