PM youth loan scheme.

Byline: ALI ASHRAF KHAN-Karachi

Those nations and leaders who never learn from history lead their nations to similar fate that of 'History of fall of GHARNATA' under Abu Abdullah who also liquidated last fort of Muslim Spanish Empire 'Gharnata' because of spending more than income. Since few years our these inexperienced rulers are also treading on the same dangerous path which may doom the nation.

As a member of FACC during Benazir regime, I had scrutinized the PM Self-employment scheme in 1990-91 through NBP in which startling facts came to light that National Bank lost over Rs.10 Billion due to massive corruption without achieving any result as most of the loans were sanctioned to political cronies and friends of bankers mafia, the Advisor on Finance V A Jafferey disagreed with my finding but when it was confirmed by Bank he felt sorry.

During the same period complaints were investigated of corrupt bankers responsible for BCCI tragedy got patronage of Finance Division in Islamabad acquired 3 branches of...